NORTHERN TRUST CORP (NTRS) Stock Technical Analysis
NASDAQ:NTRS - Nasdaq - US6658591044 - Common Stock - Currency: USD
Overall NTRS gets a technical rating of 9 out of 10. In the last year, NTRS was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, NTRS did better than 88% of all other stocks. We also observe that the gains produced by NTRS over the past year are nicely spread over this period.
NTRS is one of the better performing stocks in the Capital Markets industry, it outperforms 86% of 237 stocks in the same industry.
NTRS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NTRS is lagging the market slightly.
NTRS 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.
NTRS has an average volume of 2086330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NTRS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 131.71. Right above this resistance zone may be a good entry point.
More info and screens
87.47
133.39
When analyzing the support we can see 4 important areas.
- Support @125.64 from a horizontal line in the weekly time frame.
- Support @123.60 from a horizontal line in the daily time frame.
- Support @91.40 from a trend line in the weekly time frame.
- Support @88.35 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 131.71 to 132.07. 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 | UP | POSITIVE | The long term trend for NTRS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NTRS is neutral. |
| ChartMill Relative Strength | 88.8 | POSITIVE | NTRS has a high relative strength, it outperformed 88.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NTRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NTRS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NTRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.38 | NEUTRAL | The RSI value for NTRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.99 | NEGATIVE | The MACD value suggests NTRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.22 | NEUTRAL | The Stochastics value for NTRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for NTRS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.94 | NEUTRAL | The ADX value for NTRS 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)
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 |
|---|---|---|---|
| 127.98 | 125.63 | 2.35 (1.83%) | 25.00% |
| An entry @127.98. This is a Buy Stop order right above the 10 day moving average. | An exit @125.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.35 points, which is 1.83%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NTRS. Please evaluate whether better entry and exit points can be found.
- 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.
125.65
+0.92 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.74%
1 Week-1.11%
2 Weeks-3.37%
1 Month-0.21%
3 Month24.91%
6 Month10.7%
12 Month49.07%
2 Year65.18%
3 Year32.14%
5 Year53.44%
10 Year79.91%
15 Year172.38%
Volatility
ATR(14)3.06
ATR(20)%2.29%
ATR Inc-30.45%
Range Today1.69
ADR(20)2.73
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.8
Mansfield1.08
10 Day High132.75
10 Day Low124.44
20 Day High132.75
20 Day Low118.99
52 Week High133
52 Week Low81.62
CS1 End125.64
CR1 Start131.71
Volume & EV
DER(3)2.91%
DER(5)1.67%
Volume1.15M
Volume Incr-28.78%
Vol(5)1.17M
Vol(50)2.09M