NORTH EUROPEAN OIL RTY TRUST (NRT) Technical Analysis
NYSE:NRT • US6593101065
Current stock price
NRT Technical Rating and Analysis
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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, NRT did better than 93% of all other stocks. On top of that, NRT also shows a nice and consistent pattern of rising prices.
- NRT is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. NRT outperforms 80% of them.
- NRT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NRT is performing more or less in line with the market.
- In the last month NRT has a been trading in the 8.51 - 10.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NRT Weekly and Daily overview Charts
NRT Setup Rating and Analysis
Besides having an excellent technical rating, NRT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.75. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NRT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
NRT Support and Resistance Analysis
5.64
We found 5 important support areas.
- A support zone ranging from 9.15 to 9.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.57 to 8.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.73 from a trend line in the daily time frame.
- Support @6.17 from a trend line in the daily time frame.
- Support @5.70 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.75 to 9.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
NRT 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 | UP | POSITIVE | The long term trend for NRT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NRT is neutral. |
| ChartMill Relative Strength | 93.91 | POSITIVE | NRT has a high relative strength, it outperformed 93.91% 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) | 56.04 | NEUTRAL | The RSI value for NRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NRT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.59 | NEUTRAL | The Stochastics value for NRT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.76 | HIGH VOLATILITY | The high ATR as a percentage value for NRT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.94 | NEGATIVE | The low ADX value for NRT suggests a weak or negative trend. |
NRT Chart- and CandleStick Pattern Analysis
NRT Example Setup
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 |
|---|---|---|---|
| 9.78 | 9.14 | 0.64 (6.54%) | 15.28% |
| An entry @9.78. This is a Buy Stop order right above the resistance zone. | An exit @9.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.64 points, which is 6.54%. | When investing 15.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NRT. Please evaluate whether better entry and exit points can be found.
- 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.
NRT Technicals: Chart, Performance Metrics, Trend & Indicators
9.5
+0.76 (+8.7%)
NORTH EUROPEAN OIL RTY TRUST / NRT TA 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.
Can you provide the trend direction for NORTH EUROPEAN OIL RTY TRUST?
The current trend direction for NORTH EUROPEAN OIL RTY TRUST (NRT) is Bullish.
What is the RSI signal for NRT stock?
NORTH EUROPEAN OIL RTY TRUST (NRT) has an RSI value of 56.0371. This indicates that the stock is currently neutral.
What is the MACD signal for NRT stock?
The MACD indicator for NORTH EUROPEAN OIL RTY TRUST (NRT) has a value of -0.0255305, indicating a bearish trend.
Can you provide the support and resistance levels for NORTH EUROPEAN OIL RTY TRUST?
NORTH EUROPEAN OIL RTY TRUST (NRT) has a support level at 9.19 and a resistance level at 9.75. Check the full technical report for our detailed analysis of NRT support and resistance levels.