NTRB Technical Analysis - NUTRIBAND INC

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to NTRB. In the last year, NTRB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month NTRB has a been trading in the 5.81 - 7.58 range, which is quite wide. It is currently trading near the high of this range.

When compared to the yearly performance of all other stocks, NTRB outperforms 49% of them, which is more or less in line with the market.

NTRB is part of the Pharmaceuticals industry. There are 197 other stocks in this industry, NTRB did better than 53% of them.

NTRB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NTRB is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, NTRB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.23. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.05

7.34

When analyzing the support we can see 3 important areas.

Support @6.37 from a horizontal line in the weekly time frame.
A support zone ranging from 6.05 to 6.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @5.10 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 7.23 to 7.27. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for NTRB is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NTRB is up.
ChartMill Relative Strength	49.1	NEUTRAL	NTRB is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NTRB is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of NTRB is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NTRB is above the rising SMA(200).
Relative Strength Index/RSI (14)	57.29	NEUTRAL	The RSI value for NTRB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests NTRB has a positive trend, although the MACD value is declining.
Stochastics (14,3)	76.04	NEUTRAL	The Stochastics value for NTRB is a neutral value.
Average True Range in percent/ATR (20)	6.3	HIGH VOLATILITY	The high ATR as a percentage value for NTRB suggests high volalility.
Average Directional Index/ADX (14)	18.06	NEGATIVE	The low ADX value for NTRB suggests a weak or negative trend.