We assign a technical rating of 1 out of 10 to NMFC. 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.
The technical rating of NMFC is bad and it also does not present a quality setup 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
8.83
We found 1 important support area.
- 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 9.44 to 9.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.43 from a trend line in the daily time frame.
- 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.
- Resistance @11.14 from a trend line in the weekly 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 | 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 | 20.22 | NEGATIVE | NMFC has a low relative strength, it was outperformed by 79.78% 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) | UP | MIXED | The current price of NMFC is below the rising 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) | 35.83 | NEUTRAL | The RSI value for NMFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NMFC has a negative trend. |
| Stochastics (14,3) | 8.63 | OVERSOLD | The low Stochastics value suggests NMFC may be oversold. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for NMFC suggests low volalility. |
| Average Directional Index/ADX (14) | 22.33 | NEUTRAL | The ADX value for NMFC suggests a possible start of a new trend. |
9.1
+0.09 (+1%)
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 1 / 10 to NMFC.
What is the trend direction for NMFC stock?
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 35.8256. This indicates that the stock is currently neutral.
What is the short term momentum for NEW MOUNTAIN FINANCE CORP (NMFC) stock?
The short term momentum for NEW MOUNTAIN FINANCE CORP (NMFC) is negative.
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.