Should You Invest In National Bankshares, Inc. ($NKSH) Or Oak Valley Bancorp (CA) ($OVLY)?

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Banks industry are trading: National Bankshares, Inc. and Oak Valley Bancorp (CA). While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, National Bankshares, Inc. opened at 34.21, got to a maximum price of 34.31 and dropped to as low as 34.06 before finishing the session at 34.19. In total there were 4300 shares traded, which is enough to conduct our analysis. Compare that now to Oak Valley Bancorp (CA), which opened at 18.42, had a high of 18.48, a low of 18.31, closed at 18.48 and had a total volume of 2100.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator National Bankshares, Inc. Oak Valley Bancorp (CA)
Accumulation-distribution index 1773.56 155.48077
on-balance volume -34.1 -18.37
chaikin money flow

4.0 4.66667
force index

0.3003 0.3
ease of movement rating

7e-05 0.00103
volume-price trend

-3.42978 -0.44919
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator National Bankshares, Inc. Oak Valley Bancorp (CA)
Average true range 0.80708 0.3064
Bolinger bands 34.42569 18.53855
Upper bollinger band 33.29431 17.83145
Lower bollinger band

34.06 18.31
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

nan 1.0
Central keltner channel

34.19333 18.40333
High band keltner channel

34.09333 18.34333
Low band keltner channel

34.29333 18.46333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

34.06 18.31
Donchain channel low band

34.06 18.31
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator National Bankshares, Inc. Oak Valley Bancorp (CA)
Moving Average Convergence Divergence (MACD) trend_macd -0.00561
MACD signal -0.00499 -0.00312
MACD difference -0.00399 -0.00249
fast Exponential Moving Average (EMA) indicator

34.06 18.31
slow Exponential Moving Average (EMA) indicator

34.06 18.31
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.00408 0.28519

-6.80053 -1.96045
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

3.85113 0.45342
KST Oscillator (KST)

-101.58307 -24.16495
KST Oscillator (KST Signal)

-101.58307 -24.16495
KST difference

-2.63775 -3.33095
Ichimoku rating

34.26 18.45
Ichimoku B rating

34.26 18.45
Ichimoku visual trend A

38.31729 19.10158
Ichimoku visual trend B

37.39426 18.97867
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator National Bankshares, Inc. Oak Valley Bancorp (CA)
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 24.79076 24.83007
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-6.94227 -59.98229
stochastic oscillator

250.0 283.33333
stochastic oscillator signal

250.0 283.33333
Williams %R rating

150.0 183.33333
awesome oscillator

-0.01776 0.01337

RETURNS: That’s all for technical analysis. Now let’s just list the returns for National Bankshares, Inc. and Oak Valley Bancorp (CA).

Daily return -10.15831 -2.41649
Daily log return -1.18135 -1.37478
Cumulative return -1.1744 -1.36537

So there you have it: our deep, grueling analysis comparing National Bankshares, Inc. and Oak Valley Bancorp (CA) together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s National Bankshares, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether NKSH is strong or weak. Again – this is not a reliable indication of whether National Bankshares, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Oak Valley Bancorp (CA)

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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