NL Technical Analysis - NL INDUSTRIES

Technical Rating and Analysis

Overall NL gets a technical rating of 0 out of 10. NL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

89% of all other stocks performed better in the past year than NL.

NL is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, of which 67% are performing better than NL.

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.

Warning: NL has an average volume of 29252 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month NL has a been trading in the 5.70 - 6.35 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 5.74, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.59

6.91

When analyzing the support we can see 2 important areas.

Support @5.91 from a trend line in the daily time frame.
A support zone ranging from 5.65 to 5.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 6.15 to 6.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @6.70 from a horizontal line in the daily time frame.
Resistance @6.84 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for NL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NL is down.
ChartMill Relative Strength	11.86	NEGATIVE	NL has a low relative strength, it was outperformed by 88.14% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NL is below a declining 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)	38.85	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)	12.37	OVERSOLD	The low Stochastics value suggests NL may be oversold.
Average True Range in percent/ATR (20)	4.2	MEDIUM VOLATILITY	The ATR as a percentage value for NL suggests some volalility.
Average Directional Index/ADX (14)	14.59	NEGATIVE	The low ADX value for NL suggests a weak or negative trend.