National Australia Share Price Technicals: Falls 0.00% on Wednesday, Testing Support Level
Technical analysis of NAB stock on November 11, 2026: price 38.56 AUD, trend sideways, RSI 42.3, support 38.56, resistance 41.51.
By Alistair Sterling
November 11, 20265 min read
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Logo National Australia Bank — JournalArta illustration
Why NAB is in focus today
Closed at a 20-day low (38.56)
Not covered by JournalArta in the last 14 days
Selected automatically from 58 ASX (Australia) stocks by a technical-signal score with daily weighted randomisation — not a recommendation.
National Australia Bank closed at A$38.56 on Wednesday, November 11, 2026, the lowest finish in 20 trading sessions. It is also the stock's 20-day support line, and the price sits at the very bottom of that range. Banks rarely draw attention for being quiet, but NAB's tape is starting to say something.
The one-day change was 0.00%. Over five days the shares fell 1.03%, and over one month they fell 2.90%.
3-month price action chart of NAB: price, SMA20/50, Bollinger, support & resistance.
Trend & Price Action
The slide is slow, not violent. The trend reads as sideways, and the 20-day average rose 0.25% over five days, so the broader drift has not turned decisively lower. But price now sits below the 20-day average at A$40.10 and below the 50-day average at A$39.21. The 20-day average is still above the 50-day, and DATA records no fresh moving-average crossover. In plain terms, the longer-term picture has not broken, yet the shares have slipped under both yardsticks.
That gap matters. A stock trading under both averages is being sold into rather than bought on dips. The 3-month range runs from a low of A$37.29 to a high of A$41.93, and NAB is hugging the lower third of it. The 20-day range spans A$38.56 to A$41.51, which puts the latest close at 0% of the range, right on the floor.
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Oscillators & Momentum
Momentum is soft and leaning the wrong way. The 14-day RSI, a gauge of buying versus selling pressure on a 0–100 scale, is 42.3, which is neutral. It is not yet depressed enough to suggest sellers are exhausted.
The Stochastic oscillator tells a sharper story. Its %K reading of 16.2 and %D of 21.1 both sit in oversold territory, meaning the close is near the bottom of its recent range. Oversold readings can precede a bounce, but they can also persist while a stock keeps sliding, so they are a warning light rather than a turn signal.
Momentum chart of NAB: RSI(14), MACD, Stochastic.
The MACD, which compares short- and long-term momentum, is at -0.055 against a signal line of 0.243. The histogram of -0.298 shows momentum is negative and the gap is widening in the bearish direction. The chart shows the MACD line below its signal line, so the oscillators are not yet aligned for a recovery. The code-computed signal count reads bullish 0 and bearish 0, a stalemate rather than a verdict.
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Volatility & Volume
Bollinger Bands, which draw a channel two standard deviations around the 20-day average, span A$38.23 to A$41.97. The band width of 9.3% is normal, so there is no squeeze hinting at a sudden breakout. NAB's close sits at a %B of 9%, just above the lower band at A$38.23. Price is pressing the edge of its usual envelope without having burst through it.
The 14-day ATR, a measure of typical daily swing, is A$1.08, or 2.8% of the price, which counts as moderate volatility. Volume reinforces the cautious reading: 6,819,690 shares changed hands, about 1.1 times the 20-day average of 6,421,976. That is a touch above normal, not a capitulation. On-balance volume, which tallies volume on up days versus down days, is falling, so selling has carried slightly more weight than buying.
Key Levels & Scenarios
The levels are tightly stacked. Support at A$38.56 is the line in the sand, with the 3-month low of A$37.29 and the ATR-based level of A$36.94 beneath it. Overhead, resistance sits at A$41.51, with the 3-month high at A$41.93 just above.
If NAB closes below A$38.56, the next reference points are A$37.29 and then A$36.94. If it instead holds and climbs back through the 20-day average near A$40.10, a retest of A$41.51 becomes the relevant question.
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Technical Verdict: HOLD (wait & see)
The JournalArta research score is -20 on a scale running from -100 to +100, well short of the -60 needed for a sell call and the +60 needed for a buy call. The call is HOLD (wait & see) because trend and momentum have not aligned.
Reasons:
- Price is below its 50-day average, and the MACD histogram is at -0.298, so momentum is negative.
- The Stochastic at 16.2/21.1 is oversold while the RSI at 42.3 is only neutral, a mixed signal that does not confirm a reversal.
- The 20-day average still sits above the 50-day, so the structure has not broken down.
Conditional scenarios, drawn only from the reference levels:
- Upside scenario: a close above the 20-day resistance at A$41.51.
- Entry range: A$41.51 and above.
- Exit target: A$41.93 (3-month high).
- Stop loss: A$40.18 (price + 1.5×ATR level).
- Downside scenario: a break below the 20-day support at A$38.56.
- Entry range: below A$38.56.
- Exit target: A$37.29 (3-month low).
- Stop loss: A$40.10 (20-day average).
The verdict is invalidated if price breaks below A$38.56 on a closing basis, or closes above A$41.51.
For non-traders: NAB is resting at its recent floor with no clear signal in either direction, so the chart favors waiting for a decisive move.
This is technical analysis, not an investment recommendation.
| Metric | Value |
|---|---|
| Last price | A$38.56 |
| Change (1 day / 5 days / 1 month) | 0.00% / -1.03% / -2.90% |
| SMA20 / SMA50 | A$40.10 / A$39.21 |
| Bollinger (lower / middle / upper) | A$38.23 / A$40.10 / A$41.97 |
| RSI(14) | 42.3 |
| Stochastic %K / %D | 16.2 / 21.1 |
| MACD / signal / histogram | -0.055 / 0.243 / -0.298 |
| ATR(14) | A$1.08 (2.8%) |
| Volume vs 20-day average | 1.1× |
| 20-day support / resistance | A$38.56 / A$41.51 |
| 3-month low / high | A$37.29 / A$41.93 |
Trading volume on November 11 reached 6,819,690 shares.
Disclaimer: This technical analysis is generated automatically from exchange data and indicators calculated by JournalArta, for information and education only. The verdict and the entry, target and stop-loss levels are not investment advice or a solicitation to buy or sell any security. Investment decisions and their risks rest solely with the reader.
