NATIONAL BANKSHARES INC/VA (NKSH) Stock Technical Analysis
USA - NASDAQ:NKSH - US6348651091 - Common Stock
Overall NKSH gets a technical rating of 4 out of 10. In the last year, NKSH was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
NKSH has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 29.56, a Stop Loss order could be placed below this zone.
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26.84
We found 3 important support areas.
- A support zone ranging from 29.04 to 29.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.40 from a trend line in the weekly time frame.
- A support zone ranging from 27.11 to 27.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.96 to 31.79. 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 | NEUTRAL | NEUTRAL | The long term trend for NKSH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NKSH is up. |
| ChartMill Relative Strength | 39.68 | NEUTRAL | NKSH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NKSH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NKSH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NKSH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.83 | NEUTRAL | The RSI value for NKSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests NKSH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.81 | OVERBOUGHT | The high Stochastics value suggests NKSH may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for NKSH suggests some volalility. |
| Average Directional Index/ADX (14) | 12.33 | NEGATIVE | The low ADX value for NKSH suggests a weak or negative trend. |
29.96
-0.04 (-0.13%)
NATIONAL BANKSHARES INC/VA / NKSH FAQ
What is the technical rating for NKSH stock?
ChartMill assigns a technical rating of 4 / 10 to NKSH.
Can you provide the trend direction for NATIONAL BANKSHARES INC/VA?
The current trend direction for NATIONAL BANKSHARES INC/VA (NKSH) is Bearish.
What is the RSI signal for NATIONAL BANKSHARES INC/VA (NKSH) stock?
NATIONAL BANKSHARES INC/VA (NKSH) has an RSI value of 56.8265. This indicates that the stock is currently neutral.
What are the support and resistance levels for NATIONAL BANKSHARES INC/VA (NKSH) stock?
NATIONAL BANKSHARES INC/VA (NKSH) has a support level at 29.56 and a resistance level at 30.96. Check the full technical report for our detailed analysis of NKSH support and resistance levels.