NI HOLDINGS INC (NODK) Stock Technical Analysis
USA - NASDAQ:NODK - US65342T1060 - Common Stock
We assign a technical rating of 3 out of 10 to NODK. NODK performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, NODK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NODK 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
12.05
We found 3 important support areas.
- A support zone ranging from 13.25 to 13.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.82 to 12.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.17 to 12.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.33 to 13.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.99 to 14.28. 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 | NEUTRAL | NEUTRAL | The long term trend for NODK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NODK is neutral. |
| ChartMill Relative Strength | 28.76 | NEGATIVE | NODK has a low relative strength, it was outperformed by 71.24% 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) | UP | MIXED | The current price of NODK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NODK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.24 | NEUTRAL | The RSI value for NODK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NODK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.95 | NEUTRAL | The Stochastics value for NODK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for NODK suggests low volalility. |
| Average Directional Index/ADX (14) | 23.25 | NEUTRAL | The ADX value for NODK suggests a possible start of a new trend. |
13.31
-0.09 (-0.67%)
NI HOLDINGS INC / NODK FAQ
Can you provide the ChartMill technical rating for NI HOLDINGS INC?
ChartMill assigns a technical rating of 3 / 10 to NODK.
What is the trend direction for NODK stock?
The current trend direction for NI HOLDINGS INC (NODK) is Bearish.
What is the RSI signal for NI HOLDINGS INC (NODK) stock?
NI HOLDINGS INC (NODK) has an RSI value of 49.2419. This indicates that the stock is currently neutral.
What is the short term momentum for NODK stock?
The short term momentum for NI HOLDINGS INC (NODK) is neutral.