NATIONAL HEALTHCARE CORP (NHC) Stock Technical Analysis
USA - NYSEARCA:NHC - US6359061008 - Common Stock
Taking everything into account, NHC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NHC is only an average performer.
NHC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 124.24, a Stop Loss order could be placed below this zone.
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88.25
6 important support areas can be observed.
- A support zone ranging from 121.44 to 124.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 119.37 to 119.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @117.43 from a horizontal line in the daily time frame.
- A support zone ranging from 97.56 to 97.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 94.10 to 94.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @89.14 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @128.13 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NHC is up. |
| ChartMill Relative Strength | 73.08 | POSITIVE | NHC has a high relative strength, it outperformed 73.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.69 | NEUTRAL | The RSI value for NHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests NHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.29 | NEUTRAL | The Stochastics value for NHC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for NHC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.72 | POSITIVE | The high ADX value value for NHC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 128.14 | 121.43 | 6.71 (5.24%) | 19.10% |
| An entry @128.14. This is a Buy Stop order right above the resistance zone. | An exit @121.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.71 points, which is 5.24%. | For a 1.00% total portfolio risk, you can invest 19.10% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
128.12
+1.5 (+1.18%)
NATIONAL HEALTHCARE CORP / NHC FAQ
What is the technical rating for NHC stock?
ChartMill assigns a technical rating of 8 / 10 to NHC.
What is the current trend direction of NATIONAL HEALTHCARE CORP (NHC) stock?
The current trend direction for NATIONAL HEALTHCARE CORP (NHC) is Bullish.
What is the RSI signal for NATIONAL HEALTHCARE CORP (NHC) stock?
NATIONAL HEALTHCARE CORP (NHC) has an RSI value of 58.6879. This indicates that the stock is currently neutral.
What is the buy/sell signal for NATIONAL HEALTHCARE CORP (NHC) stock?
The buy/sell signal for NATIONAL HEALTHCARE CORP (NHC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for NATIONAL HEALTHCARE CORP (NHC) stock?
NATIONAL HEALTHCARE CORP (NHC) has a support level at 124.24 and a resistance level at 128.13. Check the full technical report for our detailed analysis of NHC support and resistance levels.