NORTECH SYSTEMS INC (NSYS) Stock Technical Analysis
USA - NASDAQ:NSYS - US6565531042 - Common Stock
9.8791 USD
+0.25 (+2.64%)
10 USD
+0.12 (+1.22%)
Overall NSYS gets a technical rating of 5 out of 10. NSYS has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
74% of all other stocks performed better in the past year than NSYS.
NSYS is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry, of which 69% are performing better than NSYS.
Warning: NSYS has an average volume of 4400 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month NSYS has a been trading in the 8.92 - 10.04 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
NSYS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NSYS is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, NSYS does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.81. Right above this resistance zone may be a good entry point.
More info and screens
8.02
10.16
When analyzing the support we can see 6 important areas.
- Support @9.81 from a trend line in the daily time frame.
- A support zone ranging from 9.56 to 9.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.23 to 9.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.95 from a horizontal line in the daily time frame.
- Support @8.62 from a trend line in the weekly time frame.
- A support zone ranging from 8.10 to 8.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.88 to 10.06. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for NSYS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NSYS is neutral. |
| ChartMill Relative Strength | 26.93 | NEGATIVE | NSYS has a low relative strength, it was outperformed by 73.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NSYS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NSYS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NSYS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.75 | NEUTRAL | The RSI value for NSYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NSYS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.03 | NEUTRAL | The Stochastics value for NSYS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for NSYS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.46 | NEUTRAL | The ADX value for NSYS suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.8791
+0.25 (+2.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.64%
1 Week-2.83%
2 Weeks3.38%
1 Month0.18%
3 Month13.1%
6 Month13.91%
12 Month-20.91%
2 Year28.33%
3 Year-4.7%
5 Year110.15%
10 Year134.76%
15 Year155.31%
Volatility
ATR(14)0.34
ATR(20)%3.14%
ATR Inc4.94%
Range Today0
ADR(20)0.26
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.93
3 months CRS82.66
6 months CRS57.74
Mansfield-0.92
10 Day High10.04
10 Day Low9.17
20 Day High10.04
20 Day Low8.92
52 Week High12.75
52 Week Low7.25
CS1 End9.62
CR1 Start9.81
Volume & EV
DER(3)-10.1%
DER(5)-6.06%
Volume200
Volume Incr-54.74%
Vol(5)1.86K
Vol(50)4.40K