NERDY INC (NRDY) Stock Technical Analysis
NYSE:NRDY • US64081V1098
We assign a technical rating of 0 out of 10 to NRDY. NRDY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 90% of all other stocks performed better in the past year than NRDY.
- NRDY is part of the Diversified Consumer Services industry. There are 75 other stocks in this industry, of which 60% are performing better than NRDY.
- 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.
- In the last month NRDY has a been trading in the 0.88 - 1.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NRDY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.04. Right above this resistance zone may be a good entry point. 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
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.90 from a trend line in the daily time frame.
- A support zone ranging from 0.83 to 0.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.04 to 1.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.17 from a trend line in the weekly time frame.
- Resistance @1.25 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 | NEUTRAL | NEUTRAL | The short term trend for NRDY is neutral. |
| ChartMill Relative Strength | 10.27 | NEGATIVE | NRDY has a low relative strength, it was outperformed by 89.73% 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) | DOWN | NEGATIVE | The current price of NRDY is below a declining 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) | 46.68 | NEUTRAL | The RSI value for NRDY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NRDY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.05 | NEUTRAL | The Stochastics value for NRDY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for NRDY suggests high volalility. |
| Average Directional Index/ADX (14) | 9.7 | NEGATIVE | The low ADX value for NRDY suggests a weak or negative trend. |
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+0.04 (+3.93%)
NERDY INC / NRDY FAQ
What is the ChartMill technical rating of NERDY INC (NRDY) stock?
ChartMill assigns a technical rating of 0 / 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 46.6773. 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 -0.0014283, indicating a bearish trend.
What is the short term momentum for NRDY stock?
The short term momentum for NERDY INC (NRDY) is neutral.