NATIONAL BANKSHARES INC/VA (NKSH) Technical Analysis
NASDAQ:NKSH • US6348651091
Current stock price
NKSH Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to NKSH. In the last year, NKSH was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, NKSH did better than 80% of all other stocks. On top of that, NKSH also shows a nice and consistent pattern of rising prices.
- NKSH is part of the Banks industry. There are 377 other stocks in this industry. NKSH outperforms 79% of them.
- NKSH 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 NKSH is lagging the market slightly.
- In the last month NKSH has a been trading in the 35.40 - 38.51 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.
- Volume is considerably higher in the last couple of days.
NKSH Weekly and Daily overview Charts
NKSH Setup Rating and Analysis
Besides having an excellent technical rating, NKSH also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.88, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
NKSH Support and Resistance Analysis
26.84
We found 5 important support areas.
- A support zone ranging from 36.25 to 36.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.59 to 35.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.66 from a trend line in the weekly time frame.
- Support @29.84 from a horizontal line in the daily time frame.
- Support @27.11 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 38.41 to 38.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
NKSH 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 NKSH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NKSH is neutral. |
| ChartMill Relative Strength | 80.46 | POSITIVE | NKSH has a high relative strength, it outperformed 80.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NKSH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NKSH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NKSH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.46 | NEUTRAL | The RSI value for NKSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests NKSH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.53 | NEUTRAL | The Stochastics value for NKSH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for NKSH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.85 | NEGATIVE | The low ADX value for NKSH suggests a weak or negative trend. |
NKSH Chart- and CandleStick Pattern Analysis
NKSH Example Setup
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 |
|---|---|---|---|
| 38.05 | 36.24 | 1.81 (4.76%) | 21.02% |
| An entry @38.05. This is a Buy Stop order right above the 10 day high. | An exit @36.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.81 points, which is 4.76%. | For a 1.00% total portfolio risk, you can invest 21.02% 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.
NKSH Technicals: Chart, Performance Metrics, Trend & Indicators
37.06
-0.04 (-0.11%)
NATIONAL BANKSHARES INC/VA / NKSH TA FAQ
What is the technical rating for NKSH stock?
ChartMill assigns a technical rating of 8 / 10 to NKSH.
What is the current trend direction of NATIONAL BANKSHARES INC/VA (NKSH) stock?
The current trend direction for NATIONAL BANKSHARES INC/VA (NKSH) is Bullish.
Can you provide the RSI signal for NATIONAL BANKSHARES INC/VA?
NATIONAL BANKSHARES INC/VA (NKSH) has an RSI value of 52.4607. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for NATIONAL BANKSHARES INC/VA?
NATIONAL BANKSHARES INC/VA (NKSH) has a support level at 36.88 and a resistance level at 38.41. Check the full technical report for our detailed analysis of NKSH support and resistance levels.