NORDSON CORP (NDSN) Stock Technical Analysis
NASDAQ:NDSN - US6556631025 - Common Stock
225.03 USD
-0.98 (-0.43%)
225.03 USD
0 (0%)
Taking everything into account, NDSN scores 7 out of 10 in our technical rating. Although NDSN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
74% of all other stocks performed better in the past year than NDSN.
NDSN is part of the Machinery industry. There are 128 other stocks in this industry, of which 65% are performing better than NDSN.
The long and short term trends are both positive. This is looking good!
NDSN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NDSN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NDSN is lagging the market.
NDSN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 225.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 220.26, a Stop Loss order could be placed below this zone.
More info and screens
207.15
234.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 217.19 to 220.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @213.30 from a horizontal line in the daily time frame.
- A support zone ranging from 209.24 to 209.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 225.04 to 227.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @232.58 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 | 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 | 26.06 | NEGATIVE | NDSN has a low relative strength, it was outperformed by 73.94% 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) | DOWN | MIXED | The current price of NDSN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.33 | NEUTRAL | The RSI value for NDSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests NDSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.02 | NEUTRAL | The Stochastics value for NDSN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for NDSN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.88 | NEUTRAL | The ADX value for NDSN suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 227.19 | 220.05 | 7.14 (3.14%) | 25.00% |
| An entry @227.19. This is a Buy Stop order right above the resistance zone. | An exit @220.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.14 points, which is 3.14%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- 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.
225.03
-0.98 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.43%
1 Week0.16%
2 Weeks2.32%
1 Month6.12%
3 Month4.78%
6 Month4.51%
12 Month-7.88%
2 Year0.83%
3 Year6.01%
5 Year17.31%
10 Year257.53%
15 Year205.37%
Volatility
ATR(14)5.65
ATR(20)%2.38%
ATR Inc-2.12%
Range Today5.33
ADR(20)4.79
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.06
Mansfield-0.7
10 Day High229.15
10 Day Low220.06
20 Day High235.71
20 Day Low209.64
52 Week High266.86
52 Week Low165.03
CS1 End220.26
CR1 Start225.04
Volume & EV
DER(3)-0.28%
DER(5)-0.65%
Volume255.80K
Volume Incr-36.57%
Vol(5)252.80K
Vol(50)346.62K