VANECK URANI & NUCLR ETF-USD (NLR) Technical Analysis
NYSEARCA:NLR • US92189F6016
Taking everything into account, NLR scores 8 out of 10 in our technical rating. In the last year, NLR was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, NLR did better than 91% of all other stocks. We also observe that the gains produced by NLR over the past year are nicely spread over this period.
- NLR 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 NLR is performing more or less in line with the market.
- In the last month NLR has a been trading in the 135.22 - 154.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NLR has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
69.07
4 important support areas can be observed.
- A support zone ranging from 142.01 to 142.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 133.41 to 135.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 120.95 to 121.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @69.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @155.11 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 163.09 to 164.38. This zone is formed by a combination of multiple trend lines 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 NLR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NLR is neutral. |
| ChartMill Relative Strength | 91.4 | POSITIVE | NLR has a high relative strength, it outperformed 91.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NLR is below a declining 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) | 47.04 | NEUTRAL | The RSI value for NLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NLR has a negative trend. |
| Stochastics (14,3) | 66.39 | NEUTRAL | The Stochastics value for NLR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for NLR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.93 | NEGATIVE | The low ADX value for NLR suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 148.55 | 142.00 | 6.55 (4.41%) | 22.67% |
| An entry @148.55. This is a Buy Stop order right above the 10 day moving average. | An exit @142.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.55 points, which is 4.41%. | For a 1.00% total portfolio risk, you can invest 22.67% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NLR. Please evaluate whether better entry and exit points can be found.
- 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.
NLR Technicals: Chart, Performance Metrics, Trend & Indicators
143.67
-10.16 (-6.6%)
VANECK URANI & NUCLR ETF-USD / NLR FAQ
Can you provide the ChartMill technical rating for VANECK URANI & NUCLR ETF-USD?
ChartMill assigns a technical rating of 8 / 10 to NLR.
What is the current trend direction of VANECK URANI & NUCLR ETF-USD (NLR) stock?
The current trend direction for VANECK URANI & NUCLR ETF-USD (NLR) is Bullish.
What is the RSI signal for NLR stock?
VANECK URANI & NUCLR ETF-USD (NLR) has an RSI value of 47.042. This indicates that the stock is currently neutral.
What is the MACD signal for NLR stock?
The MACD indicator for VANECK URANI & NUCLR ETF-USD (NLR) has a value of -0.104151, indicating a bearish trend.