stock NCR daily chart with target and resistance

NCR Corporation (NCR) – next downhill decline could soon be on the horizon

ISIN: US62886E1082

The NCR Corporation is one of the leading global manufacturers of cash machines and bank ATMs. In addition to this, it also offers branch-based software solutions for companies. The group was founded in 1884 and has its headquarters in Duluth, Georgia.

The following analysis will examine the stock of the company from a technical point of view.

 

Review

At the beginning of March, the starting signal was given for the downward trend, which by now is well-established, and the SMA 200 was also exited downwards. In comparison to the downward movements, the corrections are unclean and extended over a period of time. Currently, the value has corrected quite far and it seems worthwhile to keep a lookout for entry signals.

stock NCR daily chart with target and resistance

stock NCR daily chart with target and resistance

 

Outlook

In order to find an entry in the short direction, the upward trend that is currently underway would have to clearly reverse in the subordinate trend size (blue arrow). An entry can then be made either at the point 2 or in the subsequent correction, with a stop at the point 3 that will have formed by then.

The target area is located at approx. 30 USD (green zone). If the value clearly and sustainably rises above 38.30 USD (red line), the short scenario should be abandoned.

 

NCR hourly chart with outlook

NCR hourly chart with outlook

 

Before trading, one should take news in the environment and from the company into account. Similarly, one should also observe the overall market.

 

 

 

Disclosure of possible conflicts of interest: at the time of publishing this analysis, the author is not invested in the securities or underlyings discussed.

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