NAPA Technical Analysis - NAPATECH A/S

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to NAPA. NAPA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

86% of all other stocks performed better in the past year than NAPA.

NAPA is one of the lesser performing stocks in the Communications Equipment industry. 69% of 27 stocks in the same industry do better.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

NAPA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NAPA is lagging the market.

In the last month NAPA has a been trading in the 19.64 - 26.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, NAPA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.00. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.20

26.97

When analyzing the support we can see 2 important areas.

A support zone ranging from 20.95 to 20.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 20.40 to 20.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 24.00 to 24.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 25.96 to 26.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 NAPA.OL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NAPA.OL is neutral.
ChartMill Relative Strength	14.06	NEGATIVE	NAPA.OL has a low relative strength, it was outperformed by 85.94% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NAPA.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of NAPA.OL is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NAPA.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	54.87	NEUTRAL	The RSI value for NAPA.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests NAPA.OL has a positive trend.
Stochastics (14,3)	50	NEUTRAL	The Stochastics value for NAPA.OL is a neutral value.
Average True Range in percent/ATR (20)	5.57	HIGH VOLATILITY	The high ATR as a percentage value for NAPA.OL suggests high volalility.
Average Directional Index/ADX (14)	16.88	NEGATIVE	The low ADX value for NAPA.OL suggests a weak or negative trend.