NORDSON CORP (NDSN) Technical Analysis
NASDAQ:NDSN • US6556631025
Current stock price
NDSN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to NDSN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NDSN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NDSN is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by NDSN over the past year are nicely spread over this period.
- NDSN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NDSN is lagging the market slightly.
- In the last month NDSN has a been trading in the 253.85 - 279.63 range, which is quite wide. It is currently trading near the high of this range.
- NDSN is part of the Machinery industry. There are 131 other stocks in this industry, NDSN did better than 67% of them.
NDSN Weekly and Daily overview Charts
NDSN Setup Rating and Analysis
NDSN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
NDSN Support and Resistance Analysis
219.75
When analyzing the support we can see 5 important areas.
- A support zone ranging from 266.76 to 268.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 256.15 to 260.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @248.46 from a trend line in the daily time frame.
- Support @238.35 from a horizontal line in the daily time frame.
- Support @221.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 298.20 to 299.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
NDSN 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NDSN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NDSN is up. |
| ChartMill Relative Strength | 80.19 | POSITIVE | NDSN has a high relative strength, it outperformed 80.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NDSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NDSN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NDSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.15 | NEUTRAL | The RSI value for NDSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.81 | POSITIVE | The MACD value suggests NDSN has a positive trend. |
| Stochastics (14,3) | 86.02 | OVERBOUGHT | The high Stochastics value suggests NDSN may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for NDSN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.7 | POSITIVE | The high ADX value value for NDSN suggests a strong trend. |
NDSN Chart- and CandleStick Pattern Analysis
NDSN Technicals: Chart, Performance Metrics, Trend & Indicators
275.28
-0.97 (-0.35%)
NORDSON CORP / NDSN TA FAQ
Can you provide the ChartMill technical rating for NORDSON CORP?
ChartMill assigns a technical rating of 10 / 10 to NDSN.
Can you provide the trend direction for NORDSON CORP?
The current trend direction for NORDSON CORP (NDSN) is Bullish.
What is the RSI signal for NORDSON CORP (NDSN) stock?
NORDSON CORP (NDSN) has an RSI value of 55.1491. This indicates that the stock is currently neutral.
What is the buy/sell signal for NORDSON CORP (NDSN) stock?
The buy/sell signal for NORDSON CORP (NDSN) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for NORDSON CORP (NDSN) stock?
NORDSON CORP (NDSN) has a support level at 268.5 and a resistance level at 298.2. Check the full technical report for our detailed analysis of NDSN support and resistance levels.