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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
11.92
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.07 to 12.18. 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 | 18.24 | NEGATIVE | NOMD has a low relative strength, it was outperformed by 81.76% 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) | 43.71 | NEUTRAL | The RSI value for NOMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests NOMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.82 | NEUTRAL | The Stochastics value for NOMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for NOMD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.05 | NEUTRAL | The ADX value for NOMD suggests a possible start of a new trend. |
12.04
+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 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 43.7051. 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 12.07. Check the full technical report for our detailed analysis of NOMD support and resistance levels.