NATL HEALTH INVESTORS INC (NHI) Stock Technical Analysis
NYSE:NHI - New York Stock Exchange, Inc. - US63633D1046 - REIT - Currency: USD
We assign a technical rating of 0 out of 10 to NHI. NHI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NHI is a bad performer in the overall market: 70% of all stocks are doing better.
NHI is part of the Diversified REITs industry. There are 130 other stocks in this industry, of which 62% are performing better than NHI.
NHI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NHI has a been trading in the 68.80 - 73.15 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, NHI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
65.13
78.65
3 important support areas can be observed.
- Support @68.74 from a horizontal line in the daily time frame.
- Support @67.36 from a horizontal line in the daily time frame.
- A support zone ranging from 65.79 to 66.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 71.00 to 73.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.82 to 77.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for NHI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NHI is down. |
| ChartMill Relative Strength | 30.94 | NEUTRAL | NHI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NHI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NHI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NHI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.18 | NEUTRAL | The RSI value for NHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NHI has a positive trend. |
| Stochastics (14,3) | 39.32 | NEUTRAL | The Stochastics value for NHI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for NHI suggests low volalility. |
| Average Directional Index/ADX (14) | 26.96 | POSITIVE | The high ADX value value for NHI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
70.8
+0.28 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.4%
1 Week-0.94%
2 Weeks-0.06%
1 Month-0.32%
3 Month-0.9%
6 Month2.31%
12 Month2.43%
2 Year28.94%
3 Year9.19%
5 Year14.19%
10 Year8.51%
15 Year88.05%
Volatility
ATR(14)1.4
ATR(20)%1.99%
ATR Inc-12.62%
Range Today1
ADR(20)1.36
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.94
Mansfield-1.23
10 Day High72.53
10 Day Low68.8
20 Day High73.15
20 Day Low68.8
52 Week High86.13
52 Week Low65.13
CS1 End70.25
CR1 Start71.02
Volume & EV
DER(3)1.18%
DER(5)0.64%
Volume123.60K
Volume Incr3.46%
Vol(5)358.08K
Vol(50)285.91K