NOMAD FOODS LTD (NOMD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NOMD - VGG6564A1057 - Common Stock
We assign a technical rating of 1 out of 10 to NOMD. NOMD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 85% of all other stocks performed better in the past year than NOMD.
- NOMD is part of the Food Products industry. There are 87 other stocks in this industry, of which 63% are performing better than NOMD.
- NOMD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month NOMD has a been trading in the 11.51 - 12.95 range, which is quite wide. It is currently trading near the lows of this range.
- NOMD has an average volume of 2019430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of NOMD is bad and it also does not present a quality setup 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.
More info and screens
11.53
3 important resistance areas can be observed.
- A resistance zone ranging from 11.75 to 11.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.19 to 12.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.82 to 12.90. 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 | DOWN | NEGATIVE | The long term trend for NOMD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NOMD is down. |
| ChartMill Relative Strength | 15.18 | NEGATIVE | NOMD has a low relative strength, it was outperformed by 84.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NOMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NOMD is below 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) | 34.96 | NEUTRAL | The RSI value for NOMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NOMD has a negative trend. |
| Stochastics (14,3) | 25.07 | NEUTRAL | The Stochastics value for NOMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for NOMD suggests some volalility. |
| Average Directional Index/ADX (14) | 25.33 | POSITIVE | The high ADX value value for NOMD suggests a strong trend. |
11.65
-0.26 (-2.18%)
NOMAD FOODS LTD / NOMD FAQ
Can you provide the ChartMill technical rating for NOMAD FOODS LTD?
ChartMill assigns a technical rating of 1 / 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 34.9604. 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 sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for NOMAD FOODS LTD?
NOMAD FOODS LTD (NOMD) has a resistance level at 11.75. Check the full technical report for our detailed analysis of NOMD support and resistance levels.