NORTHWEST PIPE CO.
NORTHWEST PIPE CO.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: NWPX
ISIN:

NORTHWEST PIPE CO. - Daily - Technical analysis published on 09/20/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 26.28 USD
My targets
30.34 USD (+7.82%)
40.97 USD (+45.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NORTHWEST PIPE CO. as long as the price remains well above 26.28 USD. The buyers” bullish objective is set at 30.34 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 40.97 USD. If there is any crossing, the next objective would be the resistance located at 45.37 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
1H Weekly

Additional analysis

Quotes

The NORTHWEST PIPE CO. rating is 28.14 USD. On the day, this instrument gained +1.15% with the lowest point at 27.83 USD and the highest point at 28.26 USD. The deviation from the price is +1.11% for the low point and -0.42% for the high point.

27.83
28.26
28.14

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of NORTHWEST PIPE CO. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 23.00 25.02 26.28 28.14 30.34 40.97 45.37
Change (%) -18.27% -11.09% -6.61% - +7.82% +45.59% +61.23%
Change -5.14 -3.12 -1.86 - +2.20 +12.83 +17.23
Level Intermediate Intermediate Major - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.8527.1127.4627.7228.0728.3328.68
Camarilla27.6527.7127.7627.8227.8827.9327.99
Woodie26.9127.1327.5227.7428.1328.3528.74
Fibonacci27.1127.3427.4827.7227.9528.0928.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.2523.4425.7326.9229.2130.4032.69
Camarilla27.0527.3727.6928.0128.3328.6528.97
Woodie22.7923.7226.2727.2029.7530.6833.23
Fibonacci23.4424.7725.5926.9228.2529.0730.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.3213.1818.0922.9527.8632.7237.63
Camarilla20.3121.2122.1123.0023.9024.7925.69
Woodie8.3513.1918.1222.9627.8832.7337.65
Fibonacci13.1816.9119.2222.9526.6828.9932.72

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 64.38
MACD (12,26,9): 0.8900
Directional Movement: 15.49
AROON (14): 78.57
DEMA (21): 27.46
Parabolic SAR (0,02-0,02-0,2): 24.99
Elder Ray (13): 1.10
Super Trend (3,10): 25.06
Zig ZAG (10): 28.14
VORTEX (21): 1.0700
Stochastique (14,3,5): 85.05
TEMA (21): 28.11
Williams %R (14): -12.56
Chande Momentum Oscillator (20): 3.22
Repulse (5,40,3): 3.2100
ROCnROLL: 1
TRIX (15,9): 0.3300
Courbe Coppock: 27.93
MA7: 28.00
MA20: 25.80
MA50: 25.10
MA100: 24.93
MAexp7: 27.62
MAexp20: 26.44
MAexp50: 25.56
MAexp100: 25.03
Price / MA7: +0.50%
Price / MA20: +9.07%
Price / MA50: +12.11%
Price / MA100: +12.88%
Price / MAexp7: +1.88%
Price / MAexp20: +6.43%
Price / MAexp50: +10.09%
Price / MAexp100: +12.43%

This member declared not having a position on this financial instrument or a related financial instrument.

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