NRST Technical Analysis - NEUROSOFT

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to NRST. In the past year, NRST was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

100% of all other stocks performed better in the past year than NRST.

NRST is one of the lesser performing stocks in the IT Services industry. 91% of 69 stocks in the same industry do better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month NRST has a been trading in the 0.50 - 0.93 range, which is quite wide. It is currently trading near the high of this range.

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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

NRST has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.51

0.90

We found 2 important support areas.

Support @0.63 from a trend line in the daily time frame.
Support @0.52 from a trend line in the weekly time frame.

3 important resistance areas can be observed.

Resistance @0.83 from a trend line in the daily time frame.
A resistance zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.89 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for NRST.MI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NRST.MI is up.
ChartMill Relative Strength	0	NEGATIVE	NRST.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NRST.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of NRST.MI is above a declining SMA(50).
Relative Strength Index/RSI (14)	57.46	NEUTRAL	The RSI value for NRST.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests NRST.MI has a positive trend.
Stochastics (14,3)	67.7	NEUTRAL	The Stochastics value for NRST.MI is a neutral value.
Average True Range in percent/ATR (20)	10	HIGH VOLATILITY	The high ATR as a percentage value for NRST.MI suggests high volalility.
Average Directional Index/ADX (14)	17.27	NEGATIVE	The low ADX value for NRST.MI suggests a weak or negative trend.