iPath Pure Beta Nickel ETN (NINI) Technical Analysis
NYSEARCA:NINI
Current stock price
NINI Technical Rating and Analysis
Taking everything into account, NINI scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- Warning: NINI has an average volume of 252 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, NINI did better than 79% of all other stocks.
- NINI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NINI is performing more or less in line with the market.
- In the last month NINI has a been trading in the 21.14 - 22.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
NINI Weekly and Daily overview Charts
NINI Setup Rating and Analysis
NINI has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NINI Support and Resistance Analysis
18.82
3 important support areas can be observed.
- A support zone ranging from 21.31 to 21.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.43 from a trend line in the weekly time frame.
- Support @19.01 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 21.85 to 22.10. 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 22.74 to 22.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
NINI 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 NINI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NINI is neutral. |
| ChartMill Relative Strength | 79.34 | POSITIVE | NINI has a high relative strength, it outperformed 79.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NINI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NINI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NINI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.04 | NEUTRAL | The RSI value for NINI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NINI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.4 | NEUTRAL | The Stochastics value for NINI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.85 | LOW VOLATILITY | The low ATR as a percentage value for NINI suggests low volalility. |
NINI Chart- and CandleStick Pattern Analysis
NINI Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:NINI (4/11/2018, 8:36:36 PM)
21.83
-0.11 (-0.5%)
iPath Pure Beta Nickel ETN / NINI TA FAQ
What is the ChartMill technical rating of iPath Pure Beta Nickel ETN (NINI) stock?
ChartMill assigns a technical rating of 6 / 10 to NINI.
What is the trend direction for NINI stock?
The current trend direction for iPath Pure Beta Nickel ETN (NINI) is Bullish.
What is the RSI signal for iPath Pure Beta Nickel ETN (NINI) stock?
iPath Pure Beta Nickel ETN (NINI) has an RSI value of 48.0436. This indicates that the stock is currently neutral.
Can you provide the MACD signal for iPath Pure Beta Nickel ETN?
The MACD indicator for iPath Pure Beta Nickel ETN (NINI) has a value of -0.0578053, indicating a bearish trend.