NORWOOD FINANCIAL CORP (NWFL) Stock Technical Analysis
NASDAQ:NWFL • US6695491075
Taking everything into account, NWFL 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, NWFL is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NWFL is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by NWFL over the past year are nicely spread over this period.
- NWFL 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 NWFL is lagging the market slightly.
- NWFL is part of the Banks industry. There are 379 other stocks in this industry, NWFL did better than 56% of them.
- In the last month NWFL has a been trading in the 27.50 - 32.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NWFL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 31.89. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
23.69
When analyzing the support we can see 6 important areas.
- A support zone ranging from 28.81 to 28.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.77 to 27.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.79 from a horizontal line in the daily time frame.
- Support @25.78 from a trend line in the weekly time frame.
- Support @24.99 from a horizontal line in the daily time frame.
- A support zone ranging from 23.93 to 24.08. 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 31.89 to 32.09. 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 NWFL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWFL is up. |
| ChartMill Relative Strength | 72.25 | POSITIVE | NWFL has a high relative strength, it outperformed 72.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWFL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWFL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWFL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.3 | NEUTRAL | The RSI value for NWFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NWFL has a negative trend. |
| Stochastics (14,3) | 48.92 | NEUTRAL | The Stochastics value for NWFL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for NWFL suggests some volalility. |
| Average Directional Index/ADX (14) | 36.04 | POSITIVE | The high ADX value value for NWFL suggests a strong 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 |
|---|---|---|---|
| 32.10 | 30.21 | 1.89 (5.89%) | 16.98% |
| An entry @32.10. This is a Buy Stop order right above the resistance zone. | An exit @30.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.89 points, which is 5.89%. | For a 1.00% total portfolio risk, you can invest 16.98% 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.
30.875
+0.25 (+0.8%)
NORWOOD FINANCIAL CORP / NWFL FAQ
What is the ChartMill technical rating of NORWOOD FINANCIAL CORP (NWFL) stock?
ChartMill assigns a technical rating of 10 / 10 to NWFL.
What is the trend direction for NWFL stock?
The current trend direction for NORWOOD FINANCIAL CORP (NWFL) is Bullish.
What is the RSI signal for NORWOOD FINANCIAL CORP (NWFL) stock?
NORWOOD FINANCIAL CORP (NWFL) has an RSI value of 55.2968. This indicates that the stock is currently neutral.
What is the MACD signal for NORWOOD FINANCIAL CORP (NWFL) stock?
The MACD indicator for NORWOOD FINANCIAL CORP (NWFL) has a value of -0.0934611, indicating a bearish trend.
What is the buy/sell signal for NWFL stock?
The buy/sell signal for NORWOOD FINANCIAL CORP (NWFL) is buy as both the short term and long term trends are positive.