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 4 out of 10 to NX. In the past year, NX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, NX is a bad performer in the overall market: 86% of all stocks are doing better.
NX is one of the lesser performing stocks in the Building Products industry. 75% of 41 stocks in the same industry do better.
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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month NX has a been trading in the 16.09 - 21.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NX has an average technical rating and also the quality of the setup is 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
16.02
25.50
2 important support areas can be observed.
- Support @16.60 from a trend line in the daily time frame.
- A support zone ranging from 16.18 to 16.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @19.31 from a horizontal line in the weekly time frame.
- Resistance @19.76 from a trend line in the daily time frame.
- A resistance zone ranging from 20.19 to 20.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @24.22 from a trend line in the weekly time frame.
- Resistance @25.25 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 | UP | POSITIVE | The short term trend for NX is up. |
| ChartMill Relative Strength | 14.23 | NEGATIVE | NX has a low relative strength, it was outperformed by 85.77% 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) | 51.85 | NEUTRAL | The RSI value for NX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.31 | NEUTRAL | The Stochastics value for NX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for NX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.1 | NEUTRAL | The ADX value for NX suggests a possible start of a new 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)
18.53
-0.54 (-2.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-2.83%
1 Week-8.22%
2 Weeks8.11%
1 Month0.05%
3 Month-5.94%
6 Month-26.18%
12 Month-35.44%
2 Year-30.99%
3 Year-18.55%
5 Year33.5%
10 Year-13.53%
15 Year7.17%
Volatility
ATR(14)1.07
ATR(20)%5.03%
ATR Inc-22.14%
Range Today0.67
ADR(20)0.81
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.23
Mansfield-2.69
10 Day High21.82
10 Day Low16.55
20 Day High21.82
20 Day Low16.09
52 Week High34.97
52 Week Low15.3
CS1 End16.6
CR1 Start19.31
Volume & EV
DER(3)0.27%
DER(5)-1.64%
Volume384.60K
Volume Incr0.14%
Vol(5)468.69K
Vol(50)440.94K