Nesco Holdings Inc (NSCO) Technical Analysis
NYSE:NSCO
Current stock price
NSCO Technical Rating and Analysis
Overall NSCO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NSCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NSCO is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, NSCO also shows a nice and consistent pattern of rising prices.
- NSCO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NSCO is leading the market.
- In the last month NSCO has a been trading in the 7.65 - 9.63 range, which is quite wide. It is currently trading near the high of this range.
NSCO Weekly and Daily overview Charts
NSCO Setup Rating and Analysis
Besides having an excellent technical rating, NSCO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
NSCO Support and Resistance Analysis
4.19
We found 6 important support areas.
- A support zone ranging from 8.82 to 8.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.37 to 8.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.05 to 8.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.61 from a trend line in the weekly time frame.
- Support @4.93 from a trend line in the weekly time frame.
- Support @4.23 from a horizontal line in the daily time frame.
NSCO 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 NSCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NSCO is up. |
| ChartMill Relative Strength | 91.37 | POSITIVE | NSCO has a high relative strength, it outperformed 91.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NSCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NSCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NSCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.14 | NEUTRAL | The RSI value for NSCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NSCO has a positive trend. |
| Stochastics (14,3) | 72.6 | NEUTRAL | The Stochastics value for NSCO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.42 | HIGH VOLATILITY | The high ATR as a percentage value for NSCO suggests high volalility. |
NSCO Chart- and CandleStick Pattern Analysis
NSCO 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 |
|---|---|---|---|
| 9.64 | 8.81 | 0.83 (8.61%) | 11.61% |
| An entry @9.64. This is a Buy Stop order right above the 10 day high. | An exit @8.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.83 points, which is 8.61%. | For a 1.00% total portfolio risk, you can invest 11.61% of your capital in this trade. |
- 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.
NSCO Technicals: Chart, Performance Metrics, Trend & Indicators
9.35
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Nesco Holdings Inc / NSCO TA FAQ
Can you provide the ChartMill technical rating for Nesco Holdings Inc?
ChartMill assigns a technical rating of 10 / 10 to NSCO.
Can you provide the trend direction for Nesco Holdings Inc?
The current trend direction for Nesco Holdings Inc (NSCO) is Bullish.
Can you provide the RSI signal for Nesco Holdings Inc?
Nesco Holdings Inc (NSCO) has an RSI value of 66.1406. This indicates that the stock is currently neutral.
What is the short term momentum for Nesco Holdings Inc (NSCO) stock?
The short term momentum for Nesco Holdings Inc (NSCO) is positive.
What are the support and resistance levels for Nesco Holdings Inc (NSCO) stock?
Nesco Holdings Inc (NSCO) has a support level at 8.84. Check the full technical report for our detailed analysis of NSCO support and resistance levels.