CNH INDUSTRIAL NV (CNHI.MI) Stock Technical Analysis
BIT:CNHI - Euronext Milan - NL0010545661 - Common Stock - Currency: EUR
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.
When comparing the yearly performance of all stocks, CNHI is a bad performer in the overall market: 86% of all stocks are doing better.
CNHI is part of the Machinery industry. There are 102 other stocks in this industry, of which 70% 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 long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
CNHI has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
9.94
14.22
2 important support areas can be observed.
- 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.
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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CNHI.MI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNHI.MI is up. |
| ChartMill Relative Strength | 14.58 | NEGATIVE | CNHI.MI has a low relative strength, it was outperformed by 85.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNHI.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNHI.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNHI.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.3 | OVERBOUGHT | The high RSI value suggests CNHI.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CNHI.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.76 | OVERBOUGHT | The high Stochastics value suggests CNHI.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CNHI.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 28.09 | POSITIVE | The high ADX value value for CNHI.MI suggests a strong trend. |
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)
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