NORDSON CORP (NDSN) Stock Technical Analysis
USA - NASDAQ:NDSN - US6556631025 - Common Stock
Overall NDSN gets a technical rating of 7 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.
Besides having an excellent technical rating, NDSN also presents 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 235.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 234.05, 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 231.21 to 234.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @221.97 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 235.91 to 237.74. 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 | 39.75 | NEUTRAL | NDSN is not amongst the best or worst performers 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) | 59 | NEUTRAL | The RSI value for NDSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NDSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.14 | NEUTRAL | The Stochastics value for NDSN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for NDSN suggests low volalility. |
| Average Directional Index/ADX (14) | 23.07 | NEUTRAL | The ADX value for NDSN suggests a possible start of a new 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 |
|---|---|---|---|
| 237.75 | 231.20 | 6.55 (2.75%) | 25.00% |
| An entry @237.75. This is a Buy Stop order right above the resistance zone. | An exit @231.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.55 points, which is 2.75%. | For a 0.69% 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.
235.9
-0.05 (-0.02%)
NORDSON CORP / NDSN FAQ
Can you provide the ChartMill technical rating for NORDSON CORP?
ChartMill assigns a technical rating of 7 / 10 to NDSN.
What is the current trend direction of NORDSON CORP (NDSN) stock?
The current trend direction for NORDSON CORP (NDSN) is Bullish.
What is the RSI signal for NDSN stock?
NORDSON CORP (NDSN) has an RSI value of 58.9967. This indicates that the stock is currently neutral.
What is the MACD signal for NORDSON CORP (NDSN) stock?
The MACD indicator for NORDSON CORP (NDSN) has a value of 0.111271, indicating a bearish trend.
What is the buy/sell signal for NDSN stock?
The buy/sell signal for NORDSON CORP (NDSN) is buy as both the short term and long term trends are positive.