Technical analysis from National Australia Bank (NAB.AX, ASX:NAB) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

National Australia Bank
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Buyers are now keener than sellers for National Australia Bank & are driving the price up.
Close Tod Vs Close Yest /
Buyers are now keener than sellers for National Australia Bank & are driving the price up.

NAB: Recent Performance ->(1) 12 Dec: 0.5% (2) 11 Dec: -0.1% (3) 08 Dec: 0.5%

Exponential Moving Average(5) signal continues for National Australia Bank indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for National Australia Bank indicating upward price movement is likely

[BULLISH]: National Australia Bank currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.5%.

Daily Volume Index /
National Australia Bank is being actively distributed based on DVI

[BEARISH]: National Australia Bank current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Volume Rate of Change /
Volume rate of change(14) is decreasing for National Australia Bank

[BEARISH]: National Australia Bank currently has negative rate of change of -53%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.5%.

MACD Volume /
Volume MACD for National Australia Bank continues to lose momentum @-423547)

[BEARISH]: National Australia Bank currently has negative Volume MACD of -423547. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Price Range /
National Australia Bank: Range ($0.14)

NAB: Price Range Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

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Rate of Change /
Positive ROC: Price is now trading higher for National Australia Bank than 14 days ago

[BULLISH CROSSOVER]: National Australia Bank currently has positive rate of change of 0.1%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

National Australia Bank: Look for a short limit order entry @$2.1
Fibonacci Extensions /
National Australia Bank: Look for a short limit order entry @$2.1

National Australia Bank has moved above the 161.8% level ($2.1) [Bearish]. Look for a short limit order entry near this point. Exit price for NAB should be set @$2.38 & short position stoploss for National Australia Bank should be set at $1.82

Price continues to trade above the Simple Moving Average(5) for NAB
Simple Moving Average /
Price continues to trade above the Simple Moving Average(5) for NAB

[BEARISH]: National Australia Bank currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.5%.

Low Price /
Recent trading for National Australia Bank has surpassed the previous low by 0.3 %

[BEARISH]: National Australia Bank current uptrend in the first timeframe. Currently, the Low is $29.84 (0.3 %).

Close Tod Vs Range Tod /
This is the first day of buyer commitment for National Australia Bank adding strength to an uptrend in the first timeframe

[BULLISH]: National Australia Bank buyers are in control at the market close. This is the first day of buyer commitment for National Australia Bank adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 251 trading days with the closing price in the upper part of the range giving a confirmation ratio of 95.4%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 37.5%. Currently this quarter, closing price has spent 37 days in the upper price range compared to 36 days in the lower range giving a ratio of 1x.

Opening Price /
Strong opening from NAB has seen an increase of 0 % [Uptrend]

NAB: OPEN Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH

National Australia Bank has moved above the R1 DeMark pivot point ($29.9425) [Bullish]
Demarks Pivot Points /
National Australia Bank has moved above the R1 DeMark pivot point ($29.9425) [Bullish]

National Australia Bank has broken the first DeMark resistance point ($29.9425) [Bullish]. Look for a long limit order entry near this point. Exit price for NAB should be set @$30.045 & Stoploss for National Australia Bank should be set at $29.905

Distribution still active for National Australia Bank
Accumulation / Distribution /
Distribution still active for National Australia Bank

[BEARISH]: National Australia Bank current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for National Australia Bank

[BULLISH]: National Australia Bank currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.5%.

Elder Ray Index /
National Australia Bank: Elder Ray Index is 0.202 [Bullish]

[BULLISH]: National Australia BankElder Ray Index is signalling a Bullish movementERI is 0.202 indicating bull power. Prices are being driven above the consensus of value for NAB during the last trading session [Buying Pressure]

Average Directional Movement /
Average Directional Index for National Australia Bank has signalled a strong trend is active

[Trend]: ADX for NAB has confirmed a strong trend is presentNational Australia Bank has an ATR(14) of 0.331, a DX of 29.13 & an ADX(14) of 43.93

Close for NAB has surpassed the close of the previous trading session
Closing Price /
Close for NAB has surpassed the close of the previous trading session

NAB: CLOSE Current Signal -> (1) 12 Dec: BULLISH (2) 11 Dec: BEARISH (3) 08 Dec: BULLISH

Market conditions are indicating OBV distribution is current for NAB
On Balance Volume /
Market conditions are indicating OBV distribution is current for NAB

NAB: OBV Current Signal ->(1) 12 Dec: BEARISH (2) 11 Dec: BEARISH (3) 08 Dec: BEARISH

Stoploss for National Australia Bank should be set at $29.8
Woodie Pivot Point /
Stoploss for National Australia Bank should be set at $29.8

National Australia Bank current pivot point (Woodie) is: $29.94. The current resistance levels are: (R1) $30.04: (R2) $30.08The current support levels are: (S1) $29.9: (S2) $29.8

Momentum /
The largest upward momentum rally for NAB in the last 3 months is 4

[BULLISH]: National Australia Bank currently has positive momentum of 0.61. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.5%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 1.4%%.

Weighted Moving Average /
Weighted Moving Average(5) signal continues for National Australia Bank indicating upward price movement is likely

[BULLISH]: National Australia Bank currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.5%.

Elders Force Index /
[Bearish]: Elders Force Index (-11591) confirms selling pressure remains

NAB: Elders Force Index Recent Trading -> (1) 12 Dec: -11591 (2) 11 Dec: -142009 (3) 08 Dec: -183770

High Price /
National Australia Bank: Daily high performance is -0 % [Uptrend]

NAB: HIGH Current Signal -> (1) 12 Dec: BEARISH (2) 11 Dec: BULLISH (3) 08 Dec: BULLISH

NAB: Moving Average Convergence Divergence [Bullish]
MACD /
NAB: Moving Average Convergence Divergence [Bullish]

[BULLISH]: National Australia Bank currently has positive MACD of 0.144000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 1%.

The SWMA trend following signal is still current for National Australia Bank [Bullish]
Sine Weighted Moving Average /
The SWMA trend following signal is still current for National Australia Bank [Bullish]

[BULLISH]: National Australia Bank currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.5%.

Williams %R /
[Bearish crossover]: National Australia Bank current price has driven William %R signal to become overbought

[BULLISH]: National Australia Bank is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

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