Taking everything into account, NRIM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NRIM is showing a nice and steady performance.
Although NRIM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.35
When analyzing the support we can see 7 important areas.
- A support zone ranging from 24.92 to 25.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.60 to 24.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.68 to 22.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.84 from a horizontal line in the daily time frame.
- Support @21.14 from a trend line in the weekly time frame.
- Support @20.21 from a horizontal line in the daily time frame.
- Support @18.54 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for NRIM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRIM is up. |
| ChartMill Relative Strength | 85.56 | POSITIVE | NRIM has a high relative strength, it outperformed 85.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRIM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRIM is above 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) | 72.58 | OVERBOUGHT | The high RSI value suggests NRIM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests NRIM has a positive trend. |
| Stochastics (14,3) | 88.54 | OVERBOUGHT | The high Stochastics value suggests NRIM may be overbought. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for NRIM suggests some volalility. |
| Average Directional Index/ADX (14) | 45.65 | POSITIVE | The high ADX value value for NRIM suggests a strong trend. |
27.28
+0.94 (+3.57%)
NORTHRIM BANCORP INC / NRIM FAQ
What is the technical rating for NRIM stock?
ChartMill assigns a technical rating of 10 / 10 to NRIM.
What is the trend direction for NRIM stock?
The current trend direction for NORTHRIM BANCORP INC (NRIM) is Bullish.
What is the RSI signal for NRIM stock?
NORTHRIM BANCORP INC (NRIM) has an RSI value of 72.5832. This indicates that the stock is currently overbought.
What is the short term momentum for NRIM stock?
The short term momentum for NORTHRIM BANCORP INC (NRIM) is positive.
What are the support and resistance levels for NORTHRIM BANCORP INC (NRIM) stock?
NORTHRIM BANCORP INC (NRIM) has a support level at 25.17. Check the full technical report for our detailed analysis of NRIM support and resistance levels.