QUANEX BUILDING PRODUCTS (NX) Stock Technical Analysis
NYSE:NX - New York Stock Exchange, Inc. - US7476191041 - Common Stock - Currency: USD
Overall NX gets a technical rating of 1 out of 10. NX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
87% of all other stocks performed better in the past year than NX.
NX is part of the Building Products industry. There are 42 other stocks in this industry, of which 82% are performing better than NX.
NX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NX is lagging the market.
In the last month NX has a been trading in the 15.85 - 19.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
NX has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
17.21
26.26
We can see 3 important resistance areas.
- A resistance zone ranging from 18.27 to 18.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.11 from a trend line in the weekly time frame.
- Resistance @26.00 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 | DOWN | NEGATIVE | The long term trend for NX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NX is down. |
| ChartMill Relative Strength | 13.34 | NEGATIVE | NX has a low relative strength, it was outperformed by 86.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NX is below a declining 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) | 46.83 | NEUTRAL | The RSI value for NX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.95 | NEUTRAL | The Stochastics value for NX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for NX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.33 | NEGATIVE | The low ADX value for NX suggests a weak or negative 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)
17.38
-0.18 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-1.03%
1 Week-7.55%
2 Weeks0.81%
1 Month5.91%
3 Month-14.72%
6 Month-43.72%
12 Month-46.52%
2 Year-17.28%
3 Year-14.55%
5 Year40.16%
10 Year-2.3%
15 Year-12.79%
Volatility
ATR(14)0.71
ATR(20)%4.23%
ATR Inc-51.68%
Range Today0.3
ADR(20)0.61
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.34
Mansfield-3.24
10 Day High19.27
10 Day Low17.15
20 Day High19.27
20 Day Low15.85
52 Week High34.97
52 Week Low15.3
CS1 EndN/A
CR1 Start18.27
Volume & EV
DER(3)-2.85%
DER(5)-0.78%
Volume206.70K
Volume Incr-33.89%
Vol(5)243.56K
Vol(50)429.68K