NORCRAFT COS INC (NCFT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NCFT - -1
We assign a technical rating of 10 out of 10 to NCFT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NCFT is showing a nice and steady performance.
NCFT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 25.49, a Stop Loss order could be placed below this zone.
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20.06
4 important support areas can be observed.
- A support zone ranging from 25.48 to 25.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.08 to 23.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 21.64 to 21.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @20.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.66 to 26.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 NCFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NCFT is up. |
| ChartMill Relative Strength | 91.35 | POSITIVE | NCFT has a high relative strength, it outperformed 91.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NCFT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NCFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NCFT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.29 | NEUTRAL | The RSI value for NCFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests NCFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.33 | OVERSOLD | The low Stochastics value suggests NCFT may be oversold. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for NCFT suggests low volalility. |
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 |
|---|---|---|---|
| 25.67 | 25.47 | 0.20 (0.78%) | 25.00% |
| An entry @25.67. This is a Buy Stop order right above the 10 day moving average. | An exit @25.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.20 points, which is 0.78%. | For a 0.19% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NCFT. Please evaluate whether better entry and exit points can be found.
- 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.
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NORCRAFT COS INC / NCFT FAQ
Can you provide the ChartMill technical rating for NORCRAFT COS INC?
ChartMill assigns a technical rating of 9 / 10 to NCFT.
Can you provide the trend direction for NORCRAFT COS INC?
The current trend direction for NORCRAFT COS INC (NCFT) is Bullish.
Can you provide the RSI signal for NORCRAFT COS INC?
NORCRAFT COS INC (NCFT) has an RSI value of 57.2931. This indicates that the stock is currently neutral.
What is the short term momentum for NORCRAFT COS INC (NCFT) stock?
The short term momentum for NORCRAFT COS INC (NCFT) is positive.
Can you provide the buy/sell signal for NORCRAFT COS INC?
The buy/sell signal for NORCRAFT COS INC (NCFT) is buy as both the short term and long term trends are positive.