LON:NLMK - London Exchange - US67011E2046 - Currency: USD
We assign a technical rating of 0 out of 10 to NLMK. NLMK 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 technical rating of NLMK is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
2.23
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 NLMK.L is down. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NLMK.L is down. |
ChartMill Relative Strength | 1.51 | NEGATIVE | NLMK.L has a low relative strength, it was outperformed by 98.49% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NLMK.L is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NLMK.L is below a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NLMK.L is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 17.04 | OVERSOLD | The low RSI value suggests NLMK.L may be oversold. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -3 | NEGATIVE | The MACD value suggests NLMK.L has a negative trend. |
Stochastics (14,3) | 2.79 | OVERSOLD | The low Stochastics value suggests NLMK.L may be oversold. |
Average True Range in percent/ATR (20) | 167.8 | HIGH VOLATILITY | The high ATR as a percentage value for NLMK.L suggests high volalility. |
Public Joint Stock Company Novolipetsk Steel
LON:NLMK (3/2/2022, 9:55:18 AM)
2.25
-2.25 (-50%)