NICOLET BANKSHARES INC (NIC) Stock Technical Analysis
USA - NYSE:NIC - US65406E1029 - Common Stock
133.63 USD
-2.98 (-2.18%)
133.63 USD
0 (0%)
We assign a technical rating of 9 out of 10 to NIC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NIC is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that NIC is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by NIC over the past year are nicely spread over this period.
NIC is part of the Banks industry. There are 392 other stocks in this industry. NIC outperforms 87% of them.
NIC 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 NIC is lagging the market slightly.
In the last month NIC has a been trading in the 130.27 - 140.54 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.
NIC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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
106.99
141.82
When analyzing the support we can see 4 important areas.
- Support @126.17 from a horizontal line in the daily time frame.
- A support zone ranging from 115.76 to 116.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @113.92 from a trend line in the weekly time frame.
- Support @108.07 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 134.00 to 135.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 140.25 to 140.42. 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 | UP | POSITIVE | The long term trend for NIC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NIC is neutral. |
| ChartMill Relative Strength | 82.24 | POSITIVE | NIC has a high relative strength, it outperformed 82.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NIC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.96 | NEUTRAL | The RSI value for NIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests NIC has a negative trend. |
| Stochastics (14,3) | 39.39 | NEUTRAL | The Stochastics value for NIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for NIC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.17 | NEGATIVE | The low ADX value for NIC suggests a weak or negative 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)
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 |
|---|---|---|---|
| 135.88 | 130.89 | 4.99 (3.67%) | 25.00% |
| An entry @135.88. This is a Buy Stop order right above the resistance zone. | An exit @130.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.99 points, which is 3.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- 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.
133.63
-2.98 (-2.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.18%
1 Week-0.74%
2 Weeks-1.71%
1 Month3.01%
3 Month14.47%
6 Month20.44%
12 Month37.51%
2 Year91.5%
3 Year89.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.72
ATR(20)%2.14%
ATR Inc52.55%
Range Today2.98
ADR(20)2.76
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.24
Mansfield0.35
10 Day High137.75
10 Day Low130.9
20 Day High140.54
20 Day Low130.27
52 Week High141.92
52 Week Low90.07
CS1 End126.17
CR1 Start134
Volume & EV
DER(3)2.18%
DER(5)0.99%
Volume215.90K
Volume Incr64.22%
Vol(5)87.82K
Vol(50)80.69K