NL INDUSTRIES (NL) Stock Technical Analysis
NYSE:NL • US6291564077
Overall NL gets a technical rating of 4 out of 10. NL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, NL is a bad performer in the overall market: 65% of all stocks are doing better.
- NL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NL has a been trading in the 5.80 - 6.52 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- NL is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry, NL did better than 55% of them.
Although the technical rating is only medium, NL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.06, 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
5.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.85 to 6.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.43 from a horizontal line in the weekly time frame.
- Support @5.22 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @6.37 from a trend line in the daily time frame.
- A resistance zone ranging from 6.56 to 6.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.70 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 | NEUTRAL | NEUTRAL | The long term trend for NL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NL is neutral. |
| ChartMill Relative Strength | 35.03 | NEUTRAL | NL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.92 | NEUTRAL | The RSI value for NL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NL has a negative trend. |
| Stochastics (14,3) | 62.96 | NEUTRAL | The Stochastics value for NL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.46 | HIGH VOLATILITY | The high ATR as a percentage value for NL suggests high volalility. |
| Average Directional Index/ADX (14) | 12.63 | NEGATIVE | The low ADX value for NL suggests a weak or negative trend. |
6.18
+0.03 (+0.49%)
NL INDUSTRIES / NL FAQ
What is the technical rating for NL stock?
ChartMill assigns a technical rating of 4 / 10 to NL.
What is the current trend direction of NL INDUSTRIES (NL) stock?
The current trend direction for NL INDUSTRIES (NL) is Bearish.
What is the RSI signal for NL stock?
NL INDUSTRIES (NL) has an RSI value of 50.9188. This indicates that the stock is currently neutral.
What are the support and resistance levels for NL INDUSTRIES (NL) stock?
NL INDUSTRIES (NL) has a support level at 6.06 and a resistance level at 6.37. Check the full technical report for our detailed analysis of NL support and resistance levels.