NET LEASE OFFICE PROPERTY (NLOP) Stock Technical Analysis
NYSE:NLOP - New York Stock Exchange, Inc. - US64110Y1082 - REIT - Currency: USD
We assign a technical rating of 9 out of 10 to NLOP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NLOP is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NLOP is one of the better performing stocks in the market, outperforming 84% of all stocks.
NLOP is one of the better performing stocks in the Diversified REITs industry, it outperforms 92% of 129 stocks in the same industry.
NLOP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NLOP is performing more or less in line with the market.
In the last month NLOP has a been trading in the 29.72 - 31.56 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
NLOP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 31.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.88, a Stop Loss order could be placed below this zone.
More info and screens
26.65
33.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.99 to 30.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.60 from a trend line in the weekly time frame.
- A support zone ranging from 26.92 to 26.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 31.33 to 31.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 32.74 to 32.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.34 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 | UP | POSITIVE | The long term trend for NLOP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NLOP is up. |
| ChartMill Relative Strength | 84.17 | POSITIVE | NLOP has a high relative strength, it outperformed 84.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NLOP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NLOP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NLOP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.25 | NEUTRAL | The RSI value for NLOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests NLOP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.18 | OVERBOUGHT | The high Stochastics value suggests NLOP may be overbought. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for NLOP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.34 | NEGATIVE | The low ADX value for NLOP 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.82 | 29.71 | 2.11 (6.63%) | 15.08% |
| An entry @31.82. This is a Buy Stop order right above the resistance zone. | An exit @29.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.11 points, which is 6.63%. | When investing 15.08% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
31.21
-0.08 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-0.26%
1 Week1.17%
2 Weeks2.63%
1 Month2.33%
3 Month-3.79%
6 Month-4.67%
12 Month31.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%1.79%
ATR Inc-6.77%
Range Today0.53
ADR(20)0.54
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.17
Mansfield0.14
10 Day High31.56
10 Day Low29.72
20 Day High31.56
20 Day Low29.72
52 Week High34.38
52 Week Low22.36
CS1 End30.88
CR1 Start31.33
Volume & EV
DER(3)1.42%
DER(5)2.46%
Volume87.70K
Volume Incr-11.02%
Vol(5)70.24K
Vol(50)93.95K