NORTHWEST BANCSHARES INC (NWBI) Technical Analysis
NASDAQ:NWBI • US6673401039
Current stock price
NWBI Technical Rating and Analysis
Overall NWBI gets a technical rating of 8 out of 10. Although NWBI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- NWBI 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 NWBI is lagging the market slightly.
- NWBI 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.
- NWBI has an average volume of 1362360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, NWBI outperforms 60% of them, which is more or less in line with the market.
- NWBI is part of the Banks industry. There are 377 other stocks in this industry, NWBI did better than 40% of them.
NWBI Weekly and Daily overview Charts
NWBI Setup Rating and Analysis
NWBI 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 12.86, a Stop Loss order could be placed below this zone.
More info and screens
NWBI Support and Resistance Analysis
10.60
When analyzing the support we can see 5 important areas.
- A support zone ranging from 12.76 to 12.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.28 to 12.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.98 to 12.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 11.49 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.30 to 13.74. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for NWBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWBI is up. |
| ChartMill Relative Strength | 60.23 | NEUTRAL | NWBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWBI is above 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) | 61.11 | NEUTRAL | The RSI value for NWBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests NWBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74 | NEUTRAL | The Stochastics value for NWBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for NWBI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.91 | NEUTRAL | The ADX value for NWBI suggests a possible start of a new trend. |
NWBI Chart- and CandleStick Pattern Analysis
NWBI 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 |
|---|---|---|---|
| 13.31 | 12.68 | 0.63 (4.71%) | 21.22% |
| An entry @13.31. This is a Buy Stop order right above the 10 day moving average. | An exit @12.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.63 points, which is 4.71%. | For a 1.00% total portfolio risk, you can invest 21.22% 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.
NWBI Technicals: Chart, Performance Metrics, Trend & Indicators
13.25
-0.04 (-0.3%)
NORTHWEST BANCSHARES INC / NWBI TA FAQ
What is the ChartMill technical rating of NORTHWEST BANCSHARES INC (NWBI) stock?
ChartMill assigns a technical rating of 8 / 10 to NWBI.
Can you provide the trend direction for NORTHWEST BANCSHARES INC?
The current trend direction for NORTHWEST BANCSHARES INC (NWBI) is Bullish.
What is the RSI signal for NORTHWEST BANCSHARES INC (NWBI) stock?
NORTHWEST BANCSHARES INC (NWBI) has an RSI value of 61.1068. This indicates that the stock is currently neutral.
What is the buy/sell signal for NORTHWEST BANCSHARES INC (NWBI) stock?
The buy/sell signal for NORTHWEST BANCSHARES INC (NWBI) is buy as both the short term and long term trends are positive.
What is the support and resistance level for NWBI stock?
NORTHWEST BANCSHARES INC (NWBI) has a support level at 12.86 and a resistance level at 13.3. Check the full technical report for our detailed analysis of NWBI support and resistance levels.