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CNH INDUSTRIAL NV (CNHI.MI) Stock Technical Analysis

BIT:CNHI - Euronext Milan - NL0010545661 - Common Stock - Currency: EUR

11.08  +0.14 (+1.28%)

Technical Rating and Analysis

4

Overall CNHI gets a technical rating of 4 out of 10. In the past year, CNHI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

86% of all other stocks performed better in the past year than CNHI.
CNHI is part of the Machinery industry. There are 107 other stocks in this industry, of which 67% are performing better than CNHI.
CNHI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CNHI has a been trading in the 9.59 - 11.14 range, which is quite wide. It is currently trading near the high of this range.
CNHI has an average volume of 8534570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
CNH INDUSTRIAL NV / CNHI Weekly stock chart
CNH INDUSTRIAL NV / CNHI Daily stock chart
Setup Rating and Analysis

5

CNHI has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

9.94

14.22

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 10.67 to 10.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 10.04 to 10.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 11.09 to 11.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @11.64 from a trend line in the weekly time frame.
  • Resistance @14.08 from a horizontal line in the daily time frame.
Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for CNHI.MI is down.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for CNHI.MI is up.
ChartMill Relative Strength14.58NEGATIVECNHI.MI has a low relative strength, it was outperformed by 85.42% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of CNHI.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of CNHI.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of CNHI.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)70.3OVERBOUGHTThe high RSI value suggests CNHI.MI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.08POSITIVEThe MACD value suggests CNHI.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)95.76OVERBOUGHTThe high Stochastics value suggests CNHI.MI may be overbought.
Average True Range in percent/ATR (20)2.26MEDIUM VOLATILITYThe ATR as a percentage value for CNHI.MI suggests some volalility.
Average Directional Index/ADX (14)28.09POSITIVEThe high ADX value value for CNHI.MI suggests a strong trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
CNH INDUSTRIAL NV / CNHI Daily stock chart

CNH INDUSTRIAL NV

BIT:CNHI (12/29/2023, 7:00:00 PM)

11.08

+0.14 (+1.28%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.28%
1 Week2.5%
2 Weeks10.25%
1 Month14.34%
3 Month-3.99%
6 Month-16.09%
12 Month-25.96%
2 Year-35.09%
3 Year7.31%
5 Year42.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%2.26%
ATR Inc-9.45%
Range Today0.34
ADR(20)0.23
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.58
Mansfield-2.22
10 Day High11.15
10 Day Low10.33
20 Day High11.15
20 Day Low9.59
52 Week High16.67
52 Week Low8.75
CS1 End10.77
CR1 Start11.09
Volume & EV
DER(3)4.93%
DER(5)4.1%
Volume3.91M
Volume Incr-71.85%
Vol(5)3.93M
Vol(50)8.53M