INGEVITY CORP (NGVT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NGVT - US45688C1071 - Common Stock
We assign a technical rating of 2 out of 10 to NGVT. NGVT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
NGVT has a poor technical rating and the quality of the setup is also 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.
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45.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 49.37 to 50.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.87 to 48.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.19 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 54.65 to 55.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 56.31 to 57.18. This zone is formed by a combination of multiple trend lines in the daily 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 NGVT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGVT is up. |
| ChartMill Relative Strength | 39.4 | NEUTRAL | NGVT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NGVT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NGVT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGVT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.9 | NEUTRAL | The RSI value for NGVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests NGVT has a positive trend. |
| Stochastics (14,3) | 78.12 | NEUTRAL | The Stochastics value for NGVT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for NGVT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.31 | POSITIVE | The high ADX value value for NGVT suggests a strong trend. |
52.23
+0.06 (+0.12%)
INGEVITY CORP / NGVT FAQ
What is the ChartMill technical rating of INGEVITY CORP (NGVT) stock?
ChartMill assigns a technical rating of 2 / 10 to NGVT.
Can you provide the trend direction for INGEVITY CORP?
The current trend direction for INGEVITY CORP (NGVT) is Bearish.
Can you provide the RSI signal for INGEVITY CORP?
INGEVITY CORP (NGVT) has an RSI value of 52.9017. This indicates that the stock is currently neutral.
What is the MACD signal for NGVT stock?
The MACD indicator for INGEVITY CORP (NGVT) has a value of 0.554606, indicating a bearish trend.
What is the short term momentum for INGEVITY CORP (NGVT) stock?
The short term momentum for INGEVITY CORP (NGVT) is positive.