NOMD Technical Analysis - NOMAD FOODS LTD

Technical Rating and Analysis

Taking everything into account, NOMD scores 0 out of 10 in our technical rating. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, NOMD is a bad performer in the overall market: 94% of all stocks are doing better.

NOMD is one of the lesser performing stocks in the Food Products industry. 81% of 87 stocks in the same industry do better.

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 11.86 - 13.79 range, which is quite wide. It is currently trading near the lows of this range.

NOMD has an average volume of 1710490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NOMAD FOODS LTD / NOMD Weekly stock chart

NOMAD FOODS LTD / NOMD Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.95

17.58

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 12.29 to 12.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @13.38 from a horizontal line in the daily time frame.
A resistance zone ranging from 15.83 to 16.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @17.41 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	6.98	NEGATIVE	NOMD has a low relative strength, it was outperformed by 93.02% 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)	DOWN	NEGATIVE	The current price of NOMD is below 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)	29.74	OVERSOLD	The low RSI value suggests NOMD may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests NOMD has a negative trend, although the MACD value is rising.
Stochastics (14,3)	16.77	OVERSOLD	The low Stochastics value suggests NOMD may be oversold.
Average True Range in percent/ATR (20)	2.96	MEDIUM VOLATILITY	The ATR as a percentage value for NOMD suggests some volalility.
Average Directional Index/ADX (14)	50.33	POSITIVE	The high ADX value value for NOMD suggests a strong trend.