NORTHWESTERN ENERGY GROUP IN (NWE) Stock Technical Analysis
NASDAQ:NWE - US6680743050 - Common Stock
57.51 USD
-0.01 (-0.02%)
57.51 USD
0 (0%)
Taking everything into account, NWE scores 8 out of 10 in our technical rating. Although NWE 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!
NWE is part of the Multi-Utilities industry. There are 25 other stocks in this industry. NWE outperforms 70% of them.
NWE 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 NWE is lagging the market slightly.
NWE 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, NWE outperforms 50% of them, which is more or less in line with the market.
NWE 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 resistance zone just above the current price starting at 58.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.42, a Stop Loss order could be placed below this zone.
More info and screens
49.94
60.12
4 important support areas can be observed.
- A support zone ranging from 56.19 to 56.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 54.92 to 55.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.56 to 53.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 50.44 to 51.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The long term trend for NWE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWE is up. |
| ChartMill Relative Strength | 50.08 | NEUTRAL | NWE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.62 | NEUTRAL | The RSI value for NWE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NWE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.32 | NEUTRAL | The Stochastics value for NWE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for NWE suggests low volalility. |
| Average Directional Index/ADX (14) | 42.98 | POSITIVE | The high ADX value value for NWE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 57.53 | 56.18 | 1.35 (2.34%) | 25.00% |
| An entry @57.53. This is a Buy Stop order right above the 10 day moving average. | An exit @56.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.35 points, which is 2.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- The distance between exit and entry is rather small compared to the average daily movement of NWE. 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.
57.51
-0.01 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg-0.02%
1 Week-1.66%
2 Weeks3.83%
1 Month7.44%
3 Month3.94%
6 Month2.82%
12 Month5.74%
2 Year14.11%
3 Year8.55%
5 Year11.37%
10 Year11.37%
15 Year104.52%
Volatility
ATR(14)1.05
ATR(20)%1.77%
ATR Inc-30.08%
Range Today0.69
ADR(20)0.95
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.08
Mansfield-0.41
10 Day High59.5
10 Day Low54.89
20 Day High59.5
20 Day Low53.55
52 Week High59.89
52 Week Low50.43
CS1 End56.42
CR1 Start58.78
Volume & EV
DER(3)0.6%
DER(5)-2.76%
Volume285.50K
Volume Incr-50.8%
Vol(5)290.50K
Vol(50)494.24K