NORTH EUROPEAN OIL RTY TRUST (NRT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NRT - US6593101065
We assign a technical rating of 10 out of 10 to NRT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NRT is showing a nice and steady performance.
NRT has an excellent technical rating, but the quality of the setup is only medium 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.
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4.93
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.61 to 5.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.46 to 6.56. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @6.73 from a horizontal 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 NRT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRT is up. |
| ChartMill Relative Strength | 92.46 | POSITIVE | NRT has a high relative strength, it outperformed 92.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NRT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.01 | NEUTRAL | The RSI value for NRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NRT has a positive trend. |
| Stochastics (14,3) | 69.97 | NEUTRAL | The Stochastics value for NRT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for NRT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.95 | NEUTRAL | The ADX value for NRT suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.57 | 5.51 | 1.06 (16.13%) | 6.20% |
| An entry @6.57. This is a Buy Stop order right above the resistance zone. | An exit @5.51. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.06 points, which is 16.13%. | When investing 6.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.42
+0.23 (+3.72%)
NORTH EUROPEAN OIL RTY TRUST / NRT FAQ
What is the ChartMill technical rating of NORTH EUROPEAN OIL RTY TRUST (NRT) stock?
ChartMill assigns a technical rating of 10 / 10 to NRT.
What is the trend direction for NRT stock?
The current trend direction for NORTH EUROPEAN OIL RTY TRUST (NRT) is Bullish.
Can you provide the RSI signal for NORTH EUROPEAN OIL RTY TRUST?
NORTH EUROPEAN OIL RTY TRUST (NRT) has an RSI value of 60.0113. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NORTH EUROPEAN OIL RTY TRUST?
The MACD indicator for NORTH EUROPEAN OIL RTY TRUST (NRT) has a value of 0.0125208, indicating a bearish trend.
What is the short term momentum for NRT stock?
The short term momentum for NORTH EUROPEAN OIL RTY TRUST (NRT) is positive.