NLR Technical Analysis - VANECK URANI & NUCLR ETF-USD

Technical Rating and Analysis

Overall NLR gets a technical rating of 8 out of 10. 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.

In the last month NLR has a been trading in the 134.60 - 168.12 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

NLR is one of the better performing stocks in the Automobile Components industry, it outperforms 87% of 83 stocks in the same industry.

NLR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NLR is lagging the market slightly.

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. However, this overall performance is mostly based on the strong move around 4 months ago.

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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 and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

69.07

144.50

We found 4 important support areas.

Support @140.67 from a horizontal line in the daily time frame.
Support @129.14 from a trend line in the daily time frame.
Support @123.95 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	NEUTRAL	NEUTRAL	The short term trend for NLR is neutral.
ChartMill Relative Strength	89.34	POSITIVE	NLR has a high relative strength, it outperformed 89.34% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of NLR is below 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)	50.4	NEUTRAL	The RSI value for NLR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.88	NEGATIVE	The MACD value suggests NLR has a negative trend.
Stochastics (14,3)	18.31	OVERSOLD	The low Stochastics value suggests NLR may be oversold.
Average True Range in percent/ATR (20)	4.84	MEDIUM VOLATILITY	The ATR as a percentage value for NLR suggests some volalility.
Average Directional Index/ADX (14)	40.36	POSITIVE	The high ADX value value for NLR suggests a strong trend.