NORTHRIM BANCORP INC (NRIM) Stock Technical Analysis
NASDAQ:NRIM - Nasdaq - US6667621097 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to NRIM. 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 80.81 - 100.21 range, which is quite wide. It is currently trading near the lows of this range.
NRIM is part of the Banks industry. There are 393 other stocks in this industry. NRIM outperforms 77% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, NRIM did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NRIM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NRIM is lagging the market slightly.
NRIM has a poor technical rating and the quality of the setup is also not perfect 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
70.21
82.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 81.67 to 81.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @75.98 from a trend line in the weekly time frame.
- A support zone ranging from 70.92 to 71.08. This zone is formed by a combination of multiple trend lines 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 | 74.58 | POSITIVE | NRIM has a high relative strength, it outperformed 74.58% off all stocks 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) | DOWN | NEGATIVE | The current price of NRIM is below a declining 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) | 28.11 | OVERSOLD | The low RSI value suggests NRIM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.69 | NEGATIVE | The MACD value suggests NRIM has a negative trend. |
| Stochastics (14,3) | 2.11 | OVERSOLD | The low Stochastics value suggests NRIM may be oversold. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for NRIM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.18 | POSITIVE | The high ADX value value for NRIM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
81.68
-1.85 (-2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.21%
1 Week-5.55%
2 Weeks-14.82%
1 Month-17.54%
3 Month-0.92%
6 Month-4.05%
12 Month28.11%
2 Year96.68%
3 Year101.43%
5 Year203.53%
10 Year200.52%
15 Year407.64%
Volatility
ATR(14)2.91
ATR(20)%3.35%
ATR Inc-32.9%
Range Today2.5
ADR(20)2.58
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.58
Mansfield-0.26
10 Day High98.31
10 Day Low80.81
20 Day High100.21
20 Day Low80.81
52 Week High100.21
52 Week Low58.49
CS1 End81.67
CR1 StartN/A
Volume & EV
DER(3)-0.75%
DER(5)0.09%
Volume50.70K
Volume Incr-30.07%
Vol(5)47.40K
Vol(50)68.98K