NR Technical Analysis - NEXT RE SIIQ SPA

Technical Rating and Analysis

Taking everything into account, NR scores 2 out of 10 in our technical rating. NR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

NR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: NR has an average volume of 2583 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

NR is part of the Real Estate Management & Development industry. There are 74 other stocks in this industry. NR outperforms 78% of them.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

When compared to the yearly performance of all other stocks, NR outperforms 57% of them, which is more or less in line with the market.

In the last month NR has a been trading in the 2.88 - 3.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEXT RE SIIQ SPA / NR Weekly stock chart

Setup Rating and Analysis

NR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.26. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.86

3.44

2 important support areas can be observed.

Support @2.98 from a trend line in the weekly time frame.
A support zone ranging from 2.89 to 2.92. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 3.26 to 3.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.41 to 3.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for NR.MI is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NR.MI is neutral.
ChartMill Relative Strength	57.87	NEUTRAL	NR.MI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NR.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NR.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NR.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.63	NEUTRAL	The RSI value for NR.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests NR.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	55.95	NEUTRAL	The Stochastics value for NR.MI is a neutral value.
Average True Range in percent/ATR (20)	5.13	HIGH VOLATILITY	The high ATR as a percentage value for NR.MI suggests high volalility.
Average Directional Index/ADX (14)	11.17	NEGATIVE	The low ADX value for NR.MI suggests a weak or negative trend.