NOMAD FOODS LTD (NOMD) Stock Technical Analysis
NYSE:NOMD • VGG6564A1057
We assign a technical rating of 4 out of 10 to NOMD. In the past year, NOMD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, NOMD is a bad performer in the overall market: 79% of all stocks are doing better.
- NOMD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NOMD has a been trading in the 11.57 - 13.07 range, which is quite wide. It is currently trading near the high of this range.
- NOMD has an average volume of 1780600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- NOMD is an average performer in the Food Products industry, it outperforms 41% of 87 stocks in the same industry.
NOMD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NOMD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.86
We found 3 important support areas.
- A support zone ranging from 12.84 to 12.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.36 to 12.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.98 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.91 to 13.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.37 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for NOMD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NOMD is up. |
| ChartMill Relative Strength | 21.3 | NEGATIVE | NOMD has a low relative strength, it was outperformed by 78.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NOMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NOMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NOMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.32 | NEUTRAL | The RSI value for NOMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NOMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.92 | OVERBOUGHT | The high Stochastics value suggests NOMD may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for NOMD suggests some volalility. |
| Average Directional Index/ADX (14) | 22.74 | NEUTRAL | The ADX value for NOMD suggests a possible start of a new trend. |
12.9
+0.12 (+0.94%)
NOMAD FOODS LTD / NOMD FAQ
Can you provide the ChartMill technical rating for NOMAD FOODS LTD?
ChartMill assigns a technical rating of 4 / 10 to NOMD.
What is the trend direction for NOMD stock?
The current trend direction for NOMAD FOODS LTD (NOMD) is Bearish.
Can you provide the RSI signal for NOMAD FOODS LTD?
NOMAD FOODS LTD (NOMD) has an RSI value of 61.3161. This indicates that the stock is currently neutral.
What is the buy/sell signal for NOMD stock?
The buy/sell signal for NOMAD FOODS LTD (NOMD) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for NOMAD FOODS LTD?
NOMAD FOODS LTD (NOMD) has a support level at 12.89 and a resistance level at 12.91. Check the full technical report for our detailed analysis of NOMD support and resistance levels.