NOMAD FOODS LTD (NOMD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NOMD - VGG6564A1057 - Common Stock
Overall NOMD gets a technical rating of 1 out of 10. 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.
NOMD has a bad 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 12.27. Right above this resistance zone may be a good entry point. 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.
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11.86
We found 1 important support area.
- A support zone ranging from 11.98 to 12.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.27 to 12.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.58 from a trend line in the weekly time frame.
- Resistance @14.95 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for NOMD is neutral. |
| ChartMill Relative Strength | 14.33 | NEGATIVE | NOMD has a low relative strength, it was outperformed by 85.67% 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) | DOWN | MIXED | The current price of NOMD is above a declining 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) | 54.63 | NEUTRAL | The RSI value for NOMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests NOMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.03 | NEUTRAL | The Stochastics value for NOMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for NOMD suggests some volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for NOMD suggests a possible start of a new trend. |
12.26
+0.03 (+0.25%)
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 current trend direction of NOMAD FOODS LTD (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 54.6317. This indicates that the stock is currently neutral.
What is the short term momentum for NOMD stock?
The short term momentum for NOMAD FOODS LTD (NOMD) is neutral.
Can you provide the support and resistance levels for NOMAD FOODS LTD?
NOMAD FOODS LTD (NOMD) has a support level at 12.24 and a resistance level at 12.27. Check the full technical report for our detailed analysis of NOMD support and resistance levels.