NOD Technical Analysis - NORDIC SEMICONDUCTOR ASA

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to NOD. NOD has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month NOD has a been trading in the 151.70 - 170.00 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

NOD 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 NOD is lagging the market slightly.

When comparing the performance of all stocks over the past year, NOD turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.

NOD is part of the Semiconductors & Semiconductor Equipment industry. There are 53 other stocks in this industry, NOD did better than 65% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NORDIC SEMICONDUCTOR ASA / NOD Weekly stock chart

NORDIC SEMICONDUCTOR ASA / NOD Daily stock chart

Setup Rating and Analysis

NOD has an average technical rating and the quality of the presented setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

114.02

170.80

4 important support areas can be observed.

Support @139.70 from a trend line in the daily time frame.
A support zone ranging from 132.00 to 133.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @129.29 from a horizontal line in the daily time frame.
Support @115.17 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 168.31 to 169.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 NOD.OL is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NOD.OL is neutral.
ChartMill Relative Strength	65.41	NEUTRAL	NOD.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NOD.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NOD.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NOD.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.68	NEUTRAL	The RSI value for NOD.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.04	NEGATIVE	The MACD value suggests NOD.OL has a negative trend.
Stochastics (14,3)	5.45	OVERSOLD	The low Stochastics value suggests NOD.OL may be oversold.
Average True Range in percent/ATR (20)	2.84	MEDIUM VOLATILITY	The ATR as a percentage value for NOD.OL suggests some volalility.
Average Directional Index/ADX (14)	18.66	NEGATIVE	The low ADX value for NOD.OL suggests a weak or negative trend.