NUSTAR ENERGY LP - NSUS 12.4709 PERP (NS-C) Stock Technical Analysis
NYSE:NS-C - New York Stock Exchange, Inc. - US67058H4092 - Currency: USD
Overall NS-C gets a technical rating of 0 out of 10. NS-C scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NS-C does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.97, a Stop Loss order could be placed below this zone.
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24.68
When analyzing the support we notice one important area.
- A support zone ranging from 24.93 to 24.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.99 to 26.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 NS-C is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NS-C is down. |
| ChartMill Relative Strength | 38.79 | NEUTRAL | NS-C is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NS-C is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NS-C is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NS-C is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.22 | OVERSOLD | The low RSI value suggests NS-C may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NS-C has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.83 | OVERSOLD | The low Stochastics value suggests NS-C may be oversold. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for NS-C suggests low volalility. |
| Average Directional Index/ADX (14) | 44.1 | POSITIVE | The high ADX value value for NS-C suggests a strong trend. |
NUSTAR ENERGY LP - NSUS 12.4709 PERP
NYSE:NS-C (5/31/2024, 8:04:00 PM)
24.99
+0.01 (+0.04%)