NORDSON CORP (NDSN) Stock Technical Analysis
NASDAQ:NDSN • US6556631025
Taking everything into account, NDSN scores 10 out of 10 in our technical rating. 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 84% of all stocks.
- NDSN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- NDSN is an average performer in the Machinery industry, it outperforms 68% of 131 stocks in the same industry.
- In the last month NDSN has a been trading in the 265.19 - 305.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NDSN has an excellent technical rating, it 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
219.75
We found 6 important support areas.
- A support zone ranging from 290.16 to 290.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @257.06 from a trend line in the daily time frame.
- Support @243.75 from a trend line in the daily time frame.
- Support @238.35 from a horizontal line in the daily time frame.
- Support @228.16 from a horizontal line in the daily time frame.
- Support @221.97 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 294.49 to 299.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 84.13 | POSITIVE | NDSN has a high relative strength, it outperformed 84.13% 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 | POSITIVE | The current price of NDSN is above 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) | 61.86 | NEUTRAL | The RSI value for NDSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests NDSN has a negative trend. |
| Stochastics (14,3) | 70.38 | NEUTRAL | The Stochastics value for NDSN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for NDSN suggests some volalility. |
| Average Directional Index/ADX (14) | 54.45 | POSITIVE | The high ADX value value for NDSN suggests a strong trend. |
290.17
-3.76 (-1.28%)
NORDSON CORP / NDSN FAQ
Can you provide the ChartMill technical rating for NORDSON CORP?
ChartMill assigns a technical rating of 10 / 10 to NDSN.
What is the trend direction for NDSN stock?
The current trend direction for NORDSON CORP (NDSN) is Bullish.
Can you provide the RSI signal for NORDSON CORP?
NORDSON CORP (NDSN) has an RSI value of 61.8617. This indicates that the stock is currently neutral.
What is the MACD signal for NDSN stock?
The MACD indicator for NORDSON CORP (NDSN) has a value of -0.609017, indicating a bearish trend.
What are the support and resistance levels for NORDSON CORP (NDSN) stock?
NORDSON CORP (NDSN) has a support level at 290.16 and a resistance level at 294.49. Check the full technical report for our detailed analysis of NDSN support and resistance levels.