NORDSON CORP (NDSN) Stock Technical Analysis
USA - NASDAQ:NDSN - US6556631025 - Common Stock
Overall NDSN gets a technical rating of 6 out of 10. Although NDSN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
NDSN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 228.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 227.17, a Stop Loss order could be placed below this zone.
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207.15
3 important support areas can be observed.
- A support zone ranging from 221.00 to 227.17. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 228.56 to 229.90. This zone is formed by a combination of multiple trend lines 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 | 26.47 | NEGATIVE | NDSN has a low relative strength, it was outperformed by 73.53% 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) | 57.82 | NEUTRAL | The RSI value for NDSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NDSN has a positive trend. |
| Stochastics (14,3) | 67.9 | NEUTRAL | The Stochastics value for NDSN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for NDSN suggests low volalility. |
| Average Directional Index/ADX (14) | 29.57 | POSITIVE | The high ADX value value for NDSN suggests a strong trend. |
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 |
|---|---|---|---|
| 229.91 | 220.99 | 8.92 (3.88%) | 25.00% |
| An entry @229.91. This is a Buy Stop order right above the resistance zone. | An exit @220.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.92 points, which is 3.88%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
228.55
+1.6 (+0.71%)