NIU TECHNOLOGIES-SPONS ADR (NIU) Stock Technical Analysis
NASDAQ:NIU - Nasdaq - US65481N1000 - ADR - Currency: USD
Taking everything into account, NIU 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
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, NIU did better than 91% of all other stocks.
NIU is one of the better performing stocks in the Automobiles industry, it outperforms 91% of 37 stocks in the same industry.
NIU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NIU is lagging the market.
In the last month NIU has a been trading in the 3.30 - 3.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NIU has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NIU in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
1.67
4.10
When analyzing the support we can see 6 important areas.
- A support zone ranging from 3.46 to 3.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.36 to 3.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.21 from a horizontal line in the daily time frame.
- A support zone ranging from 3.14 to 3.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.74 from a horizontal line in the weekly time frame.
- Support @1.69 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.64 to 3.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.06 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 NIU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NIU is neutral. |
| ChartMill Relative Strength | 91.42 | POSITIVE | NIU has a high relative strength, it outperformed 91.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NIU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NIU is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NIU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.57 | NEUTRAL | The RSI value for NIU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NIU has a positive trend. |
| Stochastics (14,3) | 58.12 | NEUTRAL | The Stochastics value for NIU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for NIU suggests some volalility. |
| Average Directional Index/ADX (14) | 16.67 | NEGATIVE | The low ADX value for NIU 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 |
|---|---|---|---|
| 3.69 | 3.45 | 0.24 (6.50%) | 15.38% |
| An entry @3.69. This is a Buy Stop order right above the resistance zone. | An exit @3.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.24 points, which is 6.50%. | For a 1.00% total portfolio risk, you can invest 15.38% of your capital in this trade. |
- 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.
3.63
+0.13 (+3.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg3.71%
1 Week7.72%
2 Weeks8.04%
1 Month-6.44%
3 Month24.74%
6 Month91.05%
12 Month77.07%
2 Year-17.31%
3 Year-43.98%
5 Year-82.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%4.76%
ATR Inc4.85%
Range Today0.15
ADR(20)0.17
ADR(20)%4.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.42
Mansfield3.04
10 Day High3.69
10 Day Low3.3
20 Day High3.8
20 Day Low3.3
52 Week High4.9
52 Week Low1.66
CS1 End3.52
CR1 Start3.64
Volume & EV
DER(3)0.28%
DER(5)4.3%
Volume946.40K
Volume Incr-44.7%
Vol(5)609.54K
Vol(50)987.56K