Oceanic Wind Energy Inc. (NKW.CA) Stock Technical Analysis
Canada - TSX-V:NKW -
Overall NKW gets a technical rating of 1 out of 10. NKW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
NKW has a bad 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 resistance zone just above the current price starting at 0.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.09, a Stop Loss order could be placed below this zone.
More info and screens
0.09
When analyzing the support we notice one important area.
- A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.19 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for NKW.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NKW.CA is neutral. |
| ChartMill Relative Strength | 24.19 | NEGATIVE | NKW.CA has a low relative strength, it was outperformed by 75.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NKW.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NKW.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NKW.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.78 | NEUTRAL | The RSI value for NKW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NKW.CA has a positive trend. |
| Stochastics (14,3) | 71.43 | NEUTRAL | The Stochastics value for NKW.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 11 | HIGH VOLATILITY | The high ATR as a percentage value for NKW.CA suggests high volalility. |
TSX-V:NKW (2/17/2022, 7:00:00 PM)
0.1
0 (0%)
Oceanic Wind Energy Inc. / NKW.CA FAQ
What is the technical rating for NKW stock?
ChartMill assigns a technical rating of 1 / 10 to NKW.CA.
Can you provide the trend direction for Oceanic Wind Energy Inc.?
The current trend direction for Oceanic Wind Energy Inc. (NKW.CA) is Bearish.
What is the RSI signal for Oceanic Wind Energy Inc. (NKW.CA) stock?
Oceanic Wind Energy Inc. (NKW.CA) has an RSI value of 51.783. This indicates that the stock is currently neutral.
What is the MACD signal for Oceanic Wind Energy Inc. (NKW.CA) stock?
The MACD indicator for Oceanic Wind Energy Inc. (NKW.CA) has a value of 0.00214703, indicating a bearish trend.
What is the short term momentum for NKW stock?
The short term momentum for Oceanic Wind Energy Inc. (NKW.CA) is neutral.