Neenah Inc (NP) Stock Technical Analysis
NYSE:NP - New York Stock Exchange, Inc. - US6400791090 - Common Stock
We assign a technical rating of 0 out of 10 to NP. NP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NP is a bad performer in the overall market: 73% of all stocks are doing better.
NP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month NP has a been trading in the 31.05 - 39.51 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
NP is one of the better performing stocks in the Paper & Forest Products industry, it outperforms 75% of 9 stocks in the same industry.
The technical rating of NP 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
31.68
52.59
We can see 4 important resistance areas.
- Resistance @34.36 from a horizontal line in the daily time frame.
- Resistance @37.49 from a trend line in the daily time frame.
- Resistance @39.62 from a horizontal line in the daily time frame.
- Resistance @52.07 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 NP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NP is down. |
| ChartMill Relative Strength | 27.57 | NEGATIVE | NP has a low relative strength, it was outperformed by 72.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.09 | NEUTRAL | The RSI value for NP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests NP has a negative trend. |
| Stochastics (14,3) | 29.22 | NEUTRAL | The Stochastics value for NP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for NP suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
32
-1.47 (-4.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-4.39%
1 Week-6.84%
2 Weeks-2.79%
1 Month-16.08%
3 Month-14.32%
6 Month-31.68%
12 Month-37.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%3.93%
ATR Inc33.82%
Range Today2.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.57
Mansfield-1.64
10 Day High34.99
10 Day Low31.05
20 Day High39.51
20 Day Low31.05
52 Week High56.86
52 Week Low31.05
CS1 EndN/A
CR1 Start34.36
Volume & EV
DER(3)-3.96%
DER(5)-1.04%
Volume477.20K
Volume Incr484.82%
Vol(5)412.24K
Vol(50)107.43K