NRDY Technical Analysis - NERDY INC

Technical Rating and Analysis

Overall NRDY gets a technical rating of 2 out of 10. NRDY 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.

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.

In the last month NRDY has a been trading in the 1.25 - 1.40 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Looking at the yearly performance, NRDY did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

NRDY is part of the Diversified Consumer Services industry. There are 75 other stocks in this industry, NRDY did better than 59% of them.

NRDY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NRDY is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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 1.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.27, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.24

1.78

We found 1 important support area.

A support zone ranging from 1.25 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 5 important resistance areas.

A resistance zone ranging from 1.40 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.47 from a trend line in the weekly time frame.
A resistance zone ranging from 1.53 to 1.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.68 from a trend line in the daily time frame.
Resistance @1.76 from a horizontal line in the daily time frame.

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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	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	74.4	POSITIVE	NRDY has a high relative strength, it outperformed 74.4% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NRDY is above the rising 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)	55.86	NEUTRAL	The RSI value for NRDY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests NRDY has a positive trend.
Stochastics (14,3)	91.57	OVERBOUGHT	The high Stochastics value suggests NRDY may be overbought.
Average True Range in percent/ATR (20)	4.27	MEDIUM VOLATILITY	The ATR as a percentage value for NRDY suggests some volalility.
Average Directional Index/ADX (14)	23.85	NEUTRAL	The ADX value for NRDY suggests a possible start of a new trend.