NWC Technical Analysis - NORTH WEST CO INC/THE

Technical Rating and Analysis

Taking everything into account, NWC scores 1 out of 10 in our technical rating. NWC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, NWC is a bad performer in the overall market: 80% of all stocks are doing better.

NWC is one of the lesser performing stocks in the Consumer Staples Distribution & Retail industry. 93% of 16 stocks in the same industry do better.

NWC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month NWC has a been trading in the 47.25 - 52.48 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

Volume is considerably higher 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

NORTH WEST CO INC/THE / NWC Weekly stock chart

NORTH WEST CO INC/THE / NWC Daily stock chart

Setup Rating and Analysis

NWC has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

45.09

52.61

When analyzing the support we can see 2 important areas.

A support zone ranging from 46.81 to 47.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 45.55 to 45.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 48.83 to 51.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @52.09 from a horizontal line in the daily time frame.

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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 NWC.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NWC.CA is down.
ChartMill Relative Strength	20.1	NEGATIVE	NWC.CA has a low relative strength, it was outperformed by 79.9% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NWC.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of NWC.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NWC.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.23	NEUTRAL	The RSI value for NWC.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.35	NEGATIVE	The MACD value suggests NWC.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	16.93	OVERSOLD	The low Stochastics value suggests NWC.CA may be oversold.
Average True Range in percent/ATR (20)	1.87	LOW VOLATILITY	The low ATR as a percentage value for NWC.CA suggests low volalility.
Average Directional Index/ADX (14)	24.03	NEUTRAL	The ADX value for NWC.CA suggests a possible start of a new trend.