NORTEK INC (NTK) Technical Analysis
NASDAQ:NTK • US6565593091
Current stock price
NTK Technical Rating and Analysis
Overall NTK gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NTK is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- NTK 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 NTK is leading the market.
- NTK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When comparing the yearly performance of all stocks, we notice that NTK is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month NTK has a been trading in a tight range between 85.80 and 87.00.
NTK Weekly and Daily overview Charts
NTK Setup Rating and Analysis
NTK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 85.93, a Stop Loss order could be placed below this zone.
More info and screens
NTK Support and Resistance Analysis
48.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 85.79 to 85.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.09 from a trend line in the daily time frame.
- Support @48.73 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 85.98 to 87.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NTK 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 NTK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NTK is up. |
| ChartMill Relative Strength | 92.38 | POSITIVE | NTK has a high relative strength, it outperformed 92.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NTK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NTK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NTK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.21 | OVERBOUGHT | The high RSI value suggests NTK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests NTK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.44 | NEUTRAL | The Stochastics value for NTK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for NTK suggests low volalility. |
NTK Chart- and CandleStick Pattern Analysis
NTK 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 |
|---|---|---|---|
| 86.23 | 85.81 | 0.42 (0.49%) | 25.00% |
| An entry @86.23. This is a Buy Stop order right above the 10 day high. | An exit @85.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.42 points, which is 0.49%. | For a 0.12% total portfolio risk, you can invest 25.00% 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.
NTK Technicals: Chart, Performance Metrics, Trend & Indicators
85.94
-0.05 (-0.06%)
NORTEK INC / NTK TA FAQ
What is the technical rating for NTK stock?
ChartMill assigns a technical rating of 7 / 10 to NTK.
Can you provide the trend direction for NORTEK INC?
The current trend direction for NORTEK INC (NTK) is Bullish.
What is the RSI signal for NTK stock?
NORTEK INC (NTK) has an RSI value of 71.2131. This indicates that the stock is currently overbought.
Can you provide the short term momentum for NORTEK INC?
The short term momentum for NORTEK INC (NTK) is positive.
What is the support and resistance level for NTK stock?
NORTEK INC (NTK) has a support level at 85.93 and a resistance level at 85.98. Check the full technical report for our detailed analysis of NTK support and resistance levels.