NORDSON CORP (NDSN) Stock Technical Analysis
NASDAQ:NDSN - Nasdaq - US6556631025 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to NDSN. Recently some decent action could be observed, but in the medium term time frame this is still negative. NDSN was also a bad performer in the overall market in the last year.
68% of all other stocks performed better in the past year than NDSN.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NDSN is an average performer in the Machinery industry, it outperforms 44% of 128 stocks in the same industry.
NDSN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NDSN is lagging the market slightly.
In the last month NDSN has a been trading in the 191.99 - 223.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
NDSN has an average technical rating and it also does not offer a high quality setup 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
196.96
242.36
We found 2 important support areas.
- A support zone ranging from 204.76 to 209.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 198.95 to 200.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 214.77 to 224.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @239.96 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for NDSN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NDSN is up. |
| ChartMill Relative Strength | 32.84 | NEUTRAL | NDSN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NDSN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NDSN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NDSN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.59 | NEUTRAL | The RSI value for NDSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.98 | NEGATIVE | The MACD value suggests NDSN has a negative trend. |
| Stochastics (14,3) | 33.76 | NEUTRAL | The Stochastics value for NDSN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for NDSN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.05 | POSITIVE | The high ADX value value for NDSN 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)
209.55
-3.98 (-1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.86%
1 Week-3.89%
2 Weeks-1.87%
1 Month6.66%
3 Month2.79%
6 Month-0.09%
12 Month-9.41%
2 Year-15.57%
3 Year3.51%
5 Year10.46%
10 Year169.03%
15 Year273.66%
Volatility
ATR(14)4.48
ATR(20)%2.51%
ATR Inc-13.45%
Range Today6
ADR(20)4.51
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.84
Mansfield-1.04
10 Day High223.95
10 Day Low209.47
20 Day High223.95
20 Day Low191.99
52 Week High266.86
52 Week Low165.03
CS1 End209.54
CR1 Start214.77
Volume & EV
DER(3)-2.3%
DER(5)-2.2%
Volume1.80M
Volume Incr72.94%
Vol(5)732.20K
Vol(50)425.60K