NERDY INC (NRDY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NRDY - US64081V1098 - Common Stock
Taking everything into account, NRDY scores 1 out of 10 in our technical rating. NRDY 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, NRDY is a bad performer in the overall market: 88% of all stocks are doing better.
- NRDY 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.
- NRDY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- NRDY has an average volume of 1260480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NRDY is part of the Diversified Consumer Services industry. There are 76 other stocks in this industry, NRDY did better than 41% of them.
- Considerably lower volume is observed in the last couple of days.
NRDY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NRDY 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
0.82
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.99 to 1.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.83 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.07 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.27 from a trend line in the weekly time frame.
- Resistance @1.34 from a trend line in the daily time frame.
- Resistance @1.39 from a horizontal line in the daily 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 NRDY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NRDY is down. |
| ChartMill Relative Strength | 12.39 | NEGATIVE | NRDY has a low relative strength, it was outperformed by 87.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NRDY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NRDY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NRDY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.67 | NEUTRAL | The RSI value for NRDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NRDY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.64 | OVERSOLD | The low Stochastics value suggests NRDY may be oversold. |
| Average True Range in percent/ATR (20) | 7.8 | HIGH VOLATILITY | The high ATR as a percentage value for NRDY suggests high volalility. |
| Average Directional Index/ADX (14) | 12.47 | NEGATIVE | The low ADX value for NRDY suggests a weak or negative trend. |
1.01
-0.03 (-2.88%)
NERDY INC / NRDY FAQ
What is the ChartMill technical rating of NERDY INC (NRDY) stock?
ChartMill assigns a technical rating of 1 / 10 to NRDY.
What is the trend direction for NRDY stock?
The current trend direction for NERDY INC (NRDY) is Bearish.
Can you provide the RSI signal for NERDY INC?
NERDY INC (NRDY) has an RSI value of 41.6723. This indicates that the stock is currently neutral.
What is the MACD signal for NERDY INC (NRDY) stock?
The MACD indicator for NERDY INC (NRDY) has a value of -0.00509511, indicating a bearish trend.
What is the short term momentum for NRDY stock?
The short term momentum for NERDY INC (NRDY) is negative.