NORDSON CORP (NDSN) Technical Analysis
NASDAQ:NDSN • US6556631025
Current stock price
NDSN Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to NDSN. In the last year, NDSN was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month NDSN has a been trading in the 264.74 - 305.28 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that NDSN is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by NDSN over the past year are nicely spread over this period.
- NDSN is one of the better performing stocks in the Machinery industry, it outperforms 73% of 131 stocks in the same industry.
- NDSN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NDSN is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
NDSN Weekly and Daily overview Charts
NDSN Setup Rating and Analysis
NDSN has an excellent technical rating, but 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
NDSN Support and Resistance Analysis
219.75
5 important support areas can be observed.
- A support zone ranging from 264.78 to 267.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @244.38 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.
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 | DOWN | NEGATIVE | The short term trend for NDSN is down. |
| ChartMill Relative Strength | 83.12 | POSITIVE | NDSN has a high relative strength, it outperformed 83.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NDSN is below a declining 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) | 35.66 | NEUTRAL | The RSI value for NDSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.21 | NEGATIVE | The MACD value suggests NDSN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.73 | OVERSOLD | The low Stochastics value suggests NDSN may be oversold. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for NDSN suggests some volalility. |
| Average Directional Index/ADX (14) | 35.28 | POSITIVE | The high ADX value value for NDSN suggests a strong trend. |
NDSN Chart- and CandleStick Pattern Analysis
NDSN Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 275.18 | 264.77 | 10.41 (3.78%) | 25.00% |
| An entry @275.18. This is a Buy Stop order right above the 10 day moving average. | An exit @264.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.41 points, which is 3.78%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NDSN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NDSN Technicals: Chart, Performance Metrics, Trend & Indicators
268.71
+1.14 (+0.43%)
NORDSON CORP / NDSN TA FAQ
Can you provide the ChartMill technical rating for NORDSON CORP?
ChartMill assigns a technical rating of 7 / 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 35.6648. 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 -3.21441, indicating a bearish trend.
What are the support and resistance levels for NORDSON CORP (NDSN) stock?
NORDSON CORP (NDSN) has a support level at 267.56 and a resistance level at 298.2. Check the full technical report for our detailed analysis of NDSN support and resistance levels.