Taking everything into account, NRIM scores 2 out of 10 in our technical rating. NRIM 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.
- In the last month NRIM has a been trading in the 22.25 - 30.82 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, NRIM outperforms 67% of them, which is more or less in line with the market.
- NRIM is part of the Banks industry. There are 383 other stocks in this industry, NRIM did better than 41% of them.
- NRIM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NRIM is lagging the market.
The technical rating of NRIM 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
19.92
3 important support areas can be observed.
- A support zone ranging from 22.61 to 22.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 21.84 to 21.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.12 to 20.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.46 to 26.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 NRIM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NRIM is down. |
| ChartMill Relative Strength | 67.17 | NEUTRAL | NRIM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NRIM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NRIM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NRIM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.06 | NEUTRAL | The RSI value for NRIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests NRIM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.18 | OVERSOLD | The low Stochastics value suggests NRIM may be oversold. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for NRIM suggests high volalility. |
| Average Directional Index/ADX (14) | 38.66 | POSITIVE | The high ADX value value for NRIM suggests a strong trend. |
23.56
+0.68 (+2.97%)
NORTHRIM BANCORP INC / NRIM FAQ
What is the technical rating for NRIM stock?
ChartMill assigns a technical rating of 2 / 10 to NRIM.
Can you provide the trend direction for NORTHRIM BANCORP INC?
The current trend direction for NORTHRIM BANCORP INC (NRIM) is Bearish.
What is the RSI signal for NRIM stock?
NORTHRIM BANCORP INC (NRIM) has an RSI value of 36.0561. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for NORTHRIM BANCORP INC?
NORTHRIM BANCORP INC (NRIM) has a support level at 22.68 and a resistance level at 25.46. Check the full technical report for our detailed analysis of NRIM support and resistance levels.