iPath Bloomberg Cocoa Subindex Total Return ETN (NIB) Stock Technical Analysis
USA - NYSEARCA:NIB - US06739H3131 - ETF
36.29 USD
+0.59 (+1.65%)
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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NIB is one of the better performing stocks in the market, outperforming 89% of all stocks.
NIB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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.
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
27.42
36.65
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.
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. |
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)
iPath Bloomberg Cocoa Subindex Total Return ETN
NYSEARCA:NIB (6/8/2023, 8:04:00 PM)
36.29
+0.59 (+1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.65%
1 Week5.51%
2 Weeks5.57%
1 Month5.08%
3 Month24.56%
6 Month34.62%
12 Month36.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%1.46%
ATR Inc78.49%
Range Today0.57
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.78
Mansfield1.96
10 Day High36.29
10 Day Low34.14
20 Day High36.29
20 Day Low33.05
52 Week High36.29
52 Week Low23.02
CS1 End34.81
CR1 StartN/A
Volume & EV
DER(3)14.48%
DER(5)7.91%
Volume500
Volume Incr-1.22%
Vol(5)9.34K
Vol(50)11.07K