NI HOLDINGS INC (NODK) Technical Analysis
NASDAQ:NODK • US65342T1060
We assign a technical rating of 0 out of 10 to NODK. NODK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, NODK is a bad performer in the overall market: 72% of all stocks are doing better.
- Warning: NODK has an average volume of 12986 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- NODK is part of the Insurance industry. There are 149 other stocks in this industry, NODK did better than 56% of them.
- NODK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NODK is lagging the market slightly.
- In the last month NODK has a been trading in the 12.52 - 13.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, NODK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 13.18, a Stop Loss order could be placed below this zone.
More info and screens
12.33
We found 3 important support areas.
- A support zone ranging from 13.09 to 13.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong support @12.85 from a horizontal line in the daily time frame.
- Support @12.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.24 to 13.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.98 to 13.99. This zone is formed by a combination of multiple trend lines 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 NODK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NODK is down. |
| ChartMill Relative Strength | 28.65 | NEGATIVE | NODK has a low relative strength, it was outperformed by 71.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NODK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NODK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NODK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.92 | NEUTRAL | The RSI value for NODK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NODK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.89 | NEUTRAL | The Stochastics value for NODK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for NODK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.98 | NEGATIVE | The low ADX value for NODK suggests a weak or negative trend. |
NODK Technicals: Chart, Performance Metrics, Trend & Indicators
13.23
+0.33 (+2.56%)
NI HOLDINGS INC / NODK FAQ
Can you provide the ChartMill technical rating for NI HOLDINGS INC?
ChartMill assigns a technical rating of 0 / 10 to NODK.
Can you provide the trend direction for NI HOLDINGS INC?
The current trend direction for NI HOLDINGS INC (NODK) is Bearish.
What is the RSI signal for NODK stock?
NI HOLDINGS INC (NODK) has an RSI value of 49.9153. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for NI HOLDINGS INC?
The buy/sell signal for NI HOLDINGS INC (NODK) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for NI HOLDINGS INC (NODK) stock?
NI HOLDINGS INC (NODK) has a support level at 13.18 and a resistance level at 13.24. Check the full technical report for our detailed analysis of NODK support and resistance levels.