iPath Bloomberg Cocoa Subindex Total Return ETN (NIB) Technical Analysis
NYSEARCA:NIB • US06739H3131
Current stock price
NIB Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to NIB. Both in the recent history as in the last year, NIB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: NIB has an average volume of 11074 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, NIB did better than 89% of all other stocks.
- NIB is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NIB is leading the market.
- In the last month NIB has a been trading in the 33.05 - 36.29 range, which is quite wide. It is currently trading near the high of this range.
NIB Weekly and Daily overview Charts
NIB Setup Rating and Analysis
Although NIB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
NIB Support and Resistance Analysis
27.42
5 important support areas can be observed.
- A support zone ranging from 33.33 to 34.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.33 from a horizontal line in the daily time frame.
- Support @31.79 from a trend line in the weekly time frame.
- Support @30.65 from a trend line in the daily time frame.
- Support @27.70 from a horizontal line in the daily time frame.
NIB Technical Indicator Signal Analysis
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 NIB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NIB is up. |
| ChartMill Relative Strength | 89.78 | POSITIVE | NIB has a high relative strength, it outperformed 89.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NIB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NIB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NIB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.76 | OVERBOUGHT | The high RSI value suggests NIB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NIB has a positive trend. |
| Stochastics (14,3) | 84.31 | OVERBOUGHT | The high Stochastics value suggests NIB may be overbought. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for NIB suggests low volalility. |
| Average Directional Index/ADX (14) | 25.91 | POSITIVE | The high ADX value value for NIB suggests a strong trend. |
NIB Chart- and CandleStick Pattern Analysis
NIB Technicals: Chart, Performance Metrics, Trend & Indicators
iPath Bloomberg Cocoa Subindex Total Return ETN
NYSEARCA:NIB (6/8/2023, 8:04:00 PM)
36.29
+0.59 (+1.65%)
iPath Bloomberg Cocoa Subindex Total Return ETN / NIB TA FAQ
Can you provide the ChartMill technical rating for iPath Bloomberg Cocoa Subindex Total Return ETN?
ChartMill assigns a technical rating of 9 / 10 to NIB.
Can you provide the trend direction for iPath Bloomberg Cocoa Subindex Total Return ETN?
The current trend direction for iPath Bloomberg Cocoa Subindex Total Return ETN (NIB) is Bullish.
What is the RSI signal for NIB stock?
iPath Bloomberg Cocoa Subindex Total Return ETN (NIB) has an RSI value of 70.7596. This indicates that the stock is currently overbought.
What is the buy/sell signal for NIB stock?
The buy/sell signal for iPath Bloomberg Cocoa Subindex Total Return ETN (NIB) is buy as both the short term and long term trends are positive.
What is the support and resistance level for NIB stock?
iPath Bloomberg Cocoa Subindex Total Return ETN (NIB) has a support level at 34.81. Check the full technical report for our detailed analysis of NIB support and resistance levels.