QUANEX BUILDING PRODUCTS (NX) Stock Technical Analysis
NYSE:NX - New York Stock Exchange, Inc. - US7476191041 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to NX. Recently some decent action could be observed, but in the medium term time frame this is still negative. NX was also a bad performer in the overall market in the last year.
83% of all other stocks performed better in the past year than NX.
NX is one of the lesser performing stocks in the Building Products industry. 65% of 41 stocks in the same industry do better.
NX 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NX 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.
Although the technical rating is only medium, NX does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
16.87
23.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.22 to 18.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.04 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.51 to 20.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.55 from a trend line in the weekly time frame.
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 NX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NX is up. |
| ChartMill Relative Strength | 17.92 | NEGATIVE | NX has a low relative strength, it was outperformed by 82.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.17 | NEUTRAL | The RSI value for NX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.74 | NEUTRAL | The Stochastics value for NX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for NX suggests some volalility. |
| Average Directional Index/ADX (14) | 29.08 | POSITIVE | The high ADX value value for NX 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)
20.28
-0.59 (-2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-2.83%
1 Week-1.12%
2 Weeks7.13%
1 Month1.76%
3 Month16.22%
6 Month-6.97%
12 Month-27.29%
2 Year-27.93%
3 Year-17.59%
5 Year44.34%
10 Year1%
15 Year15.29%
Volatility
ATR(14)0.83
ATR(20)%3.98%
ATR Inc7.42%
Range Today0.63
ADR(20)0.78
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.92
Mansfield-2.14
10 Day High21.59
10 Day Low18.75
20 Day High21.59
20 Day Low17.81
52 Week High34.97
52 Week Low15.3
CS1 End18.5
CR1 Start20.51
Volume & EV
DER(3)-1.21%
DER(5)-0.6%
Volume320.70K
Volume Incr-38.09%
Vol(5)359.30K
Vol(50)436.05K