NL INDUSTRIES (NL) Stock Technical Analysis
NYSE:NL - US6291564077 - Common Stock
6.33 USD
-0.41 (-6.08%)
6.46 USD
+0.13 (+2.05%)
Taking everything into account, NL scores 0 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
83% of all other stocks performed better in the past year than NL.
NL is one of the lesser performing stocks in the Commercial Services & Supplies industry. 66% of 84 stocks in the same industry do better.
In the last month NL has a been trading in the 5.45 - 6.82 range, which is quite wide. It is currently trading near the high of this range.
NL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NL is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.75. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NL in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
5.59
6.82
When analyzing the support we can see 2 important areas.
- Support @5.83 from a horizontal line in the weekly time frame.
- A support zone ranging from 5.65 to 5.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.75 to 6.75. 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 | DOWN | NEGATIVE | The long term trend for NL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NL is neutral. |
| ChartMill Relative Strength | 17.46 | NEGATIVE | NL has a low relative strength, it was outperformed by 82.54% off all stocks 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) | 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) | 48.75 | NEUTRAL | The RSI value for NL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.69 | NEUTRAL | The Stochastics value for NL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.01 | HIGH VOLATILITY | The high ATR as a percentage value for NL suggests high volalility. |
| Average Directional Index/ADX (14) | 16.75 | NEGATIVE | The low ADX value for NL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.33
-0.41 (-6.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-6.08%
1 Week1.44%
2 Weeks-0.16%
1 Month-4.52%
3 Month-13.17%
6 Month-7.86%
12 Month-4.38%
2 Year22.44%
3 Year-28.15%
5 Year80.86%
10 Year64.42%
15 Year-16.93%
Volatility
ATR(14)0.37
ATR(20)%6.01%
ATR Inc19.72%
Range Today0.44
ADR(20)0.37
ADR(20)%5.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.46
Mansfield-2.15
10 Day High6.82
10 Day Low6.07
20 Day High6.82
20 Day Low5.45
52 Week High9.42
52 Week Low5.29
CS1 End5.83
CR1 Start6.75
Volume & EV
DER(3)5.51%
DER(5)2.18%
Volume30.40K
Volume Incr-34.06%
Vol(5)25.24K
Vol(50)49.32K