NORTH WEST CO INC/THE (NWC.CA) Stock Technical Analysis
TSX:NWC - Toronto Stock Exchange - CA6632782083 - Common Stock - Currency: CAD
Taking everything into account, NWC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NWC is showing a nice and steady performance.
Besides having an excellent technical rating, NWC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 56.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 55.62, a Stop Loss order could be placed below this zone.
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44.35
4 important support areas can be observed.
- A support zone ranging from 55.34 to 55.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.14 from a horizontal line in the daily time frame.
- Support @48.06 from a trend line in the weekly time frame.
- Support @44.80 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.73 to 56.89. 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 NWC.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWC.CA is up. |
| ChartMill Relative Strength | 88.73 | POSITIVE | NWC.CA has a high relative strength, it outperformed 88.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.75 | NEUTRAL | The RSI value for NWC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests NWC.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.34 | NEUTRAL | The Stochastics value for NWC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for NWC.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.26 | NEGATIVE | The low ADX value for NWC.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 56.90 | 55.33 | 1.57 (2.76%) | 25.00% |
| An entry @56.90. This is a Buy Stop order right above the resistance zone. | An exit @55.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.57 points, which is 2.76%. | For a 0.69% 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 NWC. 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.
TSX:NWC (5/23/2025, 7:00:00 PM)
56.72
+0.14 (+0.25%)