NACCO INDUSTRIES-CL A (NC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NC - US6295791031 - Common Stock
We assign a technical rating of 10 out of 10 to NC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NC is showing a nice and steady performance.
Besides having an excellent technical rating, NC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 45.76, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
35.22
We found 6 important support areas.
- A support zone ranging from 44.63 to 45.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.74 from a horizontal line in the daily time frame.
- Support @41.66 from a trend line in the weekly time frame.
- Support @40.04 from a trend line in the daily time frame.
- Support @37.74 from a horizontal line in the daily time frame.
- Support @35.58 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for NC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NC is up. |
| ChartMill Relative Strength | 91.9 | POSITIVE | NC has a high relative strength, it outperformed 91.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.47 | NEUTRAL | The RSI value for NC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.94 | NEUTRAL | The Stochastics value for NC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for NC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.44 | NEUTRAL | The ADX value for NC suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 50.75 | 43.70 | 7.05 (13.89%) | 7.20% |
| An entry @50.75. This is a Buy Stop order right above the 10 day high. | An exit @43.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.05 points, which is 13.89%. | When investing 7.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
49.42
+0.31 (+0.63%)
NACCO INDUSTRIES-CL A / NC FAQ
What is the technical rating for NC stock?
ChartMill assigns a technical rating of 10 / 10 to NC.
What is the current trend direction of NACCO INDUSTRIES-CL A (NC) stock?
The current trend direction for NACCO INDUSTRIES-CL A (NC) is Bullish.
Can you provide the RSI signal for NACCO INDUSTRIES-CL A?
NACCO INDUSTRIES-CL A (NC) has an RSI value of 57.4731. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NACCO INDUSTRIES-CL A?
The MACD indicator for NACCO INDUSTRIES-CL A (NC) has a value of -0.0283253, indicating a bearish trend.
Can you provide the short term momentum for NACCO INDUSTRIES-CL A?
The short term momentum for NACCO INDUSTRIES-CL A (NC) is positive.