NIU Technical Analysis - NIU TECHNOLOGIES-SPONS ADR

Technical Rating and Analysis

Taking everything into account, NIU scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NIU is showing a nice and steady performance.

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 NIU is one of the better performing stocks in the market, outperforming 95% of all stocks.

NIU is one of the better performing stocks in the Automobiles industry, it outperforms 97% of 37 stocks in the same industry.

NIU is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month NIU has a been trading in the 4.04 - 5.67 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NIU TECHNOLOGIES-SPONS ADR / NIU Weekly stock chart

NIU TECHNOLOGIES-SPONS ADR / NIU Daily stock chart

Setup Rating and Analysis

Although NIU has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.05

5.63

2 important support areas can be observed.

A support zone ranging from 4.34 to 4.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.09 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 5.55 to 5.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 NIU is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NIU is up.
ChartMill Relative Strength	95.36	POSITIVE	NIU has a high relative strength, it outperformed 95.36% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NIU is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NIU is above the rising 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)	70.65	OVERBOUGHT	The high RSI value suggests NIU may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests NIU has a positive trend.
Stochastics (14,3)	79.65	NEUTRAL	The Stochastics value for NIU is a neutral value.
Average True Range in percent/ATR (20)	5.14	HIGH VOLATILITY	The high ATR as a percentage value for NIU suggests high volalility.
Average Directional Index/ADX (14)	32.14	POSITIVE	The high ADX value value for NIU suggests a strong trend.