NORTHWESTERN ENERGY GROUP IN (NWE) Stock Technical Analysis
NASDAQ:NWE - Nasdaq - US6680743050 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to NWE. NWE'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.
NWE has a bad technical rating, but it does show 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 53.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NWE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
49.94
We found 1 important support area.
- A support zone ranging from 50.44 to 52.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 53.35 to 54.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.78 to 59.52. 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 | DOWN | NEGATIVE | The long term trend for NWE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NWE is neutral. |
| ChartMill Relative Strength | 18.77 | NEGATIVE | NWE has a low relative strength, it was outperformed by 81.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NWE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NWE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NWE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.16 | NEUTRAL | The RSI value for NWE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests NWE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.08 | OVERBOUGHT | The high Stochastics value suggests NWE may be overbought. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for NWE suggests low volalility. |
| Average Directional Index/ADX (14) | 21.71 | NEUTRAL | The ADX value for NWE suggests a possible start of a new trend. |
52.53
+0.07 (+0.13%)