National Holdings (NHLD) Stock Technical Analysis
NASDAQ:NHLD
Overall NHLD gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NHLD is showing a nice and steady performance.
- In the last month NHLD has a been trading in the 3.23 - 3.49 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, NHLD did better than 72% of all other stocks. On top of that, NHLD also shows a nice and consistent pattern of rising prices.
- NHLD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NHLD is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, NHLD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 3.24, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.04
We found 2 important support areas.
- A support zone ranging from 3.23 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.26 to 3.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.42 to 3.42. This zone is formed by a combination of multiple trend lines in the daily 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 NHLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NHLD is up. |
| ChartMill Relative Strength | 72.5 | POSITIVE | NHLD has a high relative strength, it outperformed 72.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NHLD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NHLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NHLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.07 | NEUTRAL | The RSI value for NHLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NHLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.27 | OVERSOLD | The low Stochastics value suggests NHLD may be oversold. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for NHLD suggests low volalility. |
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 |
|---|---|---|---|
| 3.29 | 3.22 | 0.07 (2.13%) | 25.00% |
| An entry @3.29. This is a Buy Stop order right above the resistance zone. | An exit @3.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 2.13%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NHLD. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:NHLD (2/25/2021, 8:00:01 PM)
3.2501
0 (0%)
National Holdings / NHLD FAQ
What is the ChartMill technical rating of National Holdings (NHLD) stock?
ChartMill assigns a technical rating of 9 / 10 to NHLD.
What is the current trend direction of National Holdings (NHLD) stock?
The current trend direction for National Holdings (NHLD) is Bullish.
What is the RSI signal for NHLD stock?
National Holdings (NHLD) has an RSI value of 54.0706. This indicates that the stock is currently neutral.
Can you provide the short term momentum for National Holdings?
The short term momentum for National Holdings (NHLD) is positive.
What is the support and resistance level for NHLD stock?
National Holdings (NHLD) has a support level at 3.24 and a resistance level at 3.26. Check the full technical report for our detailed analysis of NHLD support and resistance levels.