Taking everything into account, NMFC scores 0 out of 10 in our technical rating. NMFC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 80% of all other stocks performed better in the past year than NMFC.
- NMFC is part of the Capital Markets industry. There are 235 other stocks in this industry, of which 70% are performing better than NMFC.
- NMFC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NMFC has a been trading in a tight range between 8.99 and 9.39.
Although the technical rating is bad, NMFC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.11, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NMFC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.83
We found 2 important support areas.
- Support @9.11 from a horizontal line in the daily time frame.
- A support zone ranging from 8.92 to 8.93. 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 9.17 to 9.21. 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 9.36 to 9.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.77 to 10.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NMFC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NMFC is down. |
| ChartMill Relative Strength | 20.23 | NEGATIVE | NMFC has a low relative strength, it was outperformed by 79.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NMFC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NMFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NMFC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.44 | NEUTRAL | The RSI value for NMFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NMFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.41 | NEUTRAL | The Stochastics value for NMFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for NMFC suggests low volalility. |
| Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for NMFC suggests a weak or negative trend. |
9.12
-0.16 (-1.72%)
NEW MOUNTAIN FINANCE CORP / NMFC FAQ
What is the ChartMill technical rating of NEW MOUNTAIN FINANCE CORP (NMFC) stock?
ChartMill assigns a technical rating of 0 / 10 to NMFC.
Can you provide the trend direction for NEW MOUNTAIN FINANCE CORP?
The current trend direction for NEW MOUNTAIN FINANCE CORP (NMFC) is Bearish.
What is the RSI signal for NMFC stock?
NEW MOUNTAIN FINANCE CORP (NMFC) has an RSI value of 44.4436. This indicates that the stock is currently neutral.
What is the buy/sell signal for NEW MOUNTAIN FINANCE CORP (NMFC) stock?
The buy/sell signal for NEW MOUNTAIN FINANCE CORP (NMFC) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for NEW MOUNTAIN FINANCE CORP?
NEW MOUNTAIN FINANCE CORP (NMFC) has a support level at 9.11 and a resistance level at 9.17. Check the full technical report for our detailed analysis of NMFC support and resistance levels.