NLOP Technical Analysis - NET LEASE OFFICE PROPERTY

Technical Rating and Analysis

Overall NLOP gets a technical rating of 0 out of 10. NLOP 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.

81% of all other stocks performed better in the past year than NLOP.

NLOP is one of the lesser performing stocks in the Diversified REITs industry. 65% of 130 stocks in the same industry do better.

NLOP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NLOP is lagging the market.

In the last month NLOP has a been trading in the 28.50 - 30.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NET LEASE OFFICE PROPERTY / NLOP Weekly stock chart

NET LEASE OFFICE PROPERTY / NLOP Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, NLOP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 29.32, 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

28.59

34.30

When analyzing the support we notice one important area.

A support zone ranging from 28.88 to 29.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 31.31 to 31.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 33.33 to 33.96. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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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 NLOP is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NLOP is down.
ChartMill Relative Strength	19.38	NEGATIVE	NLOP has a low relative strength, it was outperformed by 80.62% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NLOP is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NLOP is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NLOP is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.79	NEUTRAL	The RSI value for NLOP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests NLOP has a positive trend.
Stochastics (14,3)	65.31	NEUTRAL	The Stochastics value for NLOP is a neutral value.
Average True Range in percent/ATR (20)	1.56	LOW VOLATILITY	The low ATR as a percentage value for NLOP suggests low volalility.
Average Directional Index/ADX (14)	36.06	POSITIVE	The high ADX value value for NLOP suggests a strong trend.