NORDSON CORP (NDSN) Stock Technical Analysis
NASDAQ:NDSN - Nasdaq - US6556631025 - Common Stock - Currency: USD
Taking everything into account, NDSN scores 2 out of 10 in our technical rating. NDSN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
67% of all other stocks performed better in the past year than NDSN.
In the last month NDSN has a been trading in the 207.08 - 221.10 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
NDSN is an average performer in the Machinery industry, it outperforms 42% 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 currently trading near new highs, so NDSN is lagging the market.
NDSN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 209.55, a Stop Loss order could be placed below this zone.
More info and screens
207.15
237.61
We found 1 important support area.
- 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 211.89 to 224.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @235.26 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 | DOWN | NEGATIVE | The short term trend for NDSN is down. |
| ChartMill Relative Strength | 33.44 | NEUTRAL | NDSN is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of NDSN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.25 | NEUTRAL | The RSI value for NDSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.96 | NEGATIVE | The MACD value suggests NDSN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.88 | NEUTRAL | The Stochastics value for NDSN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for NDSN suggests low volalility. |
| Average Directional Index/ADX (14) | 17.45 | NEGATIVE | The low ADX value for NDSN suggests a weak or negative 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)
211.04
-1.02 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.48%
1 Week0.86%
2 Weeks-4.44%
1 Month-4.43%
3 Month9.56%
6 Month-1.56%
12 Month-9.98%
2 Year-13.56%
3 Year-7.1%
5 Year13.16%
10 Year217.26%
15 Year228.88%
Volatility
ATR(14)3.84
ATR(20)%1.92%
ATR Inc-14.61%
Range Today3.18
ADR(20)3.82
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.44
Mansfield-1.32
10 Day High221.1
10 Day Low207.08
20 Day High221.1
20 Day Low207.08
52 Week High266.86
52 Week Low165.03
CS1 End209.55
CR1 Start211.89
Volume & EV
DER(3)-1.63%
DER(5)-1.28%
Volume268.82K
Volume Incr-2.27%
Vol(5)313.14K
Vol(50)415.61K