NLR Technical Analysis - VANECK URANI & NUCLR ETF-USD

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to NLR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NLR is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that NLR is one of the better performing stocks in the market, outperforming 89% of all stocks.

NLR is one of the better performing stocks in the Automobile Components industry, it outperforms 87% of 81 stocks in the same industry.

NLR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

NLR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK URANI & NUCLR ETF-USD / NLR Weekly stock chart

VANECK URANI & NUCLR ETF-USD / NLR Daily stock chart

Setup Rating and Analysis

NLR has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

69.07

137.59

3 important support areas can be observed.

A support zone ranging from 118.23 to 120.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @111.75 from a trend line in the daily time frame.
Support @69.77 from a horizontal line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for NLR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NLR is up.
ChartMill Relative Strength	89.96	POSITIVE	NLR has a high relative strength, it outperformed 89.96% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NLR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NLR is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NLR is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.39	NEUTRAL	The RSI value for NLR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.91	POSITIVE	The MACD value suggests NLR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	76.75	NEUTRAL	The Stochastics value for NLR is a neutral value.
Average True Range in percent/ATR (20)	3.16	MEDIUM VOLATILITY	The ATR as a percentage value for NLR suggests some volalility.
Average Directional Index/ADX (14)	33.15	POSITIVE	The high ADX value value for NLR suggests a strong trend.