NORTHWEST BANCSHARES INC (NWBI) Technical Analysis
NASDAQ:NWBI • US6673401039
Current stock price
NWBI Technical Rating and Analysis
Overall NWBI gets a technical rating of 4 out of 10. In the last year, NWBI was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- NWBI is one of the lesser performing stocks in the Banks industry. 61% of 380 stocks in the same industry do better.
- In the last month NWBI has a been trading in the 11.76 - 12.73 range, which is quite wide. It is currently trading near the high of this range.
- NWBI has an average volume of 1382100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, NWBI outperforms 57% of them, which is more or less in line with the market.
- NWBI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NWBI is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
NWBI Weekly and Daily overview Charts
NWBI Setup Rating and Analysis
Although the technical rating is only medium, NWBI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.49, a Stop Loss order could be placed below this zone.
More info and screens
NWBI Support and Resistance Analysis
10.60
We found 3 important support areas.
- A support zone ranging from 11.98 to 12.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.50 to 11.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.71 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.66 to 12.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.16 to 13.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
NWBI 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 NWBI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NWBI is neutral. |
| ChartMill Relative Strength | 57.71 | NEUTRAL | NWBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NWBI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NWBI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.17 | NEUTRAL | The RSI value for NWBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NWBI has a positive trend. |
| Stochastics (14,3) | 80.5 | OVERBOUGHT | The high Stochastics value suggests NWBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for NWBI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.41 | POSITIVE | The high ADX value value for NWBI suggests a strong trend. |
NWBI Chart- and CandleStick Pattern Analysis
NWBI Technicals: Chart, Performance Metrics, Trend & Indicators
12.59
+0.08 (+0.64%)
NORTHWEST BANCSHARES INC / NWBI TA FAQ
What is the ChartMill technical rating of NORTHWEST BANCSHARES INC (NWBI) stock?
ChartMill assigns a technical rating of 4 / 10 to NWBI.
Can you provide the trend direction for NORTHWEST BANCSHARES INC?
The current trend direction for NORTHWEST BANCSHARES INC (NWBI) is Bearish.
What is the RSI signal for NWBI stock?
NORTHWEST BANCSHARES INC (NWBI) has an RSI value of 55.1683. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NORTHWEST BANCSHARES INC?
The MACD indicator for NORTHWEST BANCSHARES INC (NWBI) has a value of 0.047708, indicating a bearish trend.
What is the support and resistance level for NWBI stock?
NORTHWEST BANCSHARES INC (NWBI) has a support level at 12.49 and a resistance level at 12.66. Check the full technical report for our detailed analysis of NWBI support and resistance levels.