Nordstrom (NYSE:JWN) Analysis
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
By the way, prices are vulnerable to a correction towards 53.59.
The projected upper bound is: 58.95.
The projected lower bound is: 53.14.
The projected closing price is: 56.04.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 5 black candles for a net of 2 black candles. During the past 50 bars, there have been 27 white candles and 21 black candles for a net of 6 white candles.
Separating lines occurred. If the lines occur during an uptrend (which appears to be the case with NORDSTROM INC) and the first line is black and the second is white (which is not the case with NORDSTROM INC) then this suggests that the uptrend should continue.
If the separating lines occur during a downtrend and the first line is white and the second is black (which is the case with NORDSTROM INC) then this suggests that the downtrend should continue.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 11.4703. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 10 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.26. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 6 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -127.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 9 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 period(s) ago.
Rex Takasugi – TD Profile
NORDSTROM INC closed down -0.430 at 55.920. Volume was 125% above average (neutral) and Bollinger Bands were 59% wider than normal.
Open High Low Close Volume___
56.210 56.600 55.560 55.920 1,687,896
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 57.61 54.02 48.92
Volatility: 25 34 45
Volume: 637,465 659,688 794,363
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
NORDSTROM INC is currently 14.3% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of JWN.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on JWN.N and have had this outlook for the last 12 periods.