NRO Technical Analysis - NEURONES

Technical Rating and Analysis

Overall NRO gets a technical rating of 0 out of 10. NRO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, NRO is a bad performer in the overall market: 92% of all stocks are doing better.

NRO is part of the IT Services industry. There are 74 other stocks in this industry, of which 63% are performing better than NRO.

NRO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month NRO has a been trading in the 37.65 - 40.55 range, which is quite wide. It is currently trading near the lows of this range.

Warning: NRO has an average volume of 7524 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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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

NRO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 38.19, 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

37.62

47.98

When analyzing the resistance we notice 6 important areas.

A resistance zone ranging from 38.19 to 39.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @41.41 from a trend line in the daily time frame.
A resistance zone ranging from 42.71 to 42.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 43.81 to 44.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @46.40 from a horizontal line in the daily time frame.
Resistance @47.50 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 NRO.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NRO.PA is down.
ChartMill Relative Strength	8.37	NEGATIVE	NRO.PA has a low relative strength, it was outperformed by 91.63% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NRO.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NRO.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NRO.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	36.28	NEUTRAL	The RSI value for NRO.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests NRO.PA has a negative trend.
Stochastics (14,3)	17.48	OVERSOLD	The low Stochastics value suggests NRO.PA may be oversold.
Average True Range in percent/ATR (20)	1.99	LOW VOLATILITY	The low ATR as a percentage value for NRO.PA suggests low volalility.
Average Directional Index/ADX (14)	22.61	NEUTRAL	The ADX value for NRO.PA suggests a possible start of a new trend.