NORTHWEST NATURAL HOLDING CO (NWN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NWN - US66765N1054 - Common Stock
Taking everything into account, NWN scores 9 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, NWN is showing a nice and steady performance.
Although NWN has an excellent technical rating, the quality of the presented setup is not ideal 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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When analyzing the support we can see 6 important areas.
- Support @47.06 from a trend line in the daily time frame.
- A support zone ranging from 45.52 to 45.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 41.78 to 42.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.88 from a horizontal line in the daily time frame.
- Strong support @40.06 from a horizontal line in the daily time frame.
- Support @38.51 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.48 to 49.48. 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 NWN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWN is up. |
| ChartMill Relative Strength | 82.7 | POSITIVE | NWN has a high relative strength, it outperformed 82.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NWN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.92 | NEUTRAL | The RSI value for NWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NWN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.87 | NEUTRAL | The Stochastics value for NWN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for NWN suggests low volalility. |
| Average Directional Index/ADX (14) | 27.42 | POSITIVE | The high ADX value value for NWN suggests a strong trend. |
48.28
-0.64 (-1.31%)
NORTHWEST NATURAL HOLDING CO / NWN FAQ
What is the technical rating for NWN stock?
ChartMill assigns a technical rating of 9 / 10 to NWN.
What is the trend direction for NWN stock?
The current trend direction for NORTHWEST NATURAL HOLDING CO (NWN) is Bullish.
What is the RSI signal for NORTHWEST NATURAL HOLDING CO (NWN) stock?
NORTHWEST NATURAL HOLDING CO (NWN) has an RSI value of 56.9195. This indicates that the stock is currently neutral.
What is the MACD signal for NWN stock?
The MACD indicator for NORTHWEST NATURAL HOLDING CO (NWN) has a value of 0.00295601, indicating a bearish trend.
What are the support and resistance levels for NORTHWEST NATURAL HOLDING CO (NWN) stock?
NORTHWEST NATURAL HOLDING CO (NWN) has a support level at 47.06 and a resistance level at 49.48. Check the full technical report for our detailed analysis of NWN support and resistance levels.