ENERGY VAULT HOLDINGS INC (NRGV) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NRGV • US29280W1099
We assign a technical rating of 7 out of 10 to NRGV. In the last year, NRGV was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month NRGV has a been trading in the 3.99 - 6.35 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that NRGV is one of the better performing stocks in the market, outperforming 96% of all stocks.
- NRGV is one of the better performing stocks in the Electrical Equipment industry, it outperforms 88% of 91 stocks in the same industry.
- NRGV has an average volume of 2957900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- NRGV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NRGV is lagging the market.
Although NRGV has an excellent technical rating, it does not offer a high 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
2.94
We found 3 important support areas.
- Support @4.09 from a trend line in the daily time frame.
- Support @4.02 from a horizontal line in the daily time frame.
- Support @2.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.22 to 4.24. 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 | UP | POSITIVE | The long term trend for NRGV is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NRGV is down. |
| ChartMill Relative Strength | 96.21 | POSITIVE | NRGV has a high relative strength, it outperformed 96.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NRGV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NRGV is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NRGV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.02 | NEUTRAL | The RSI value for NRGV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests NRGV has a negative trend. |
| Stochastics (14,3) | 9.11 | OVERSOLD | The low Stochastics value suggests NRGV may be oversold. |
| Average True Range in percent/ATR (20) | 11.71 | HIGH VOLATILITY | The high ATR as a percentage value for NRGV suggests high volalility. |
| Average Directional Index/ADX (14) | 22.6 | NEUTRAL | The ADX value for NRGV suggests a possible start of a new trend. |
4.21
+0.18 (+4.47%)
ENERGY VAULT HOLDINGS INC / NRGV FAQ
What is the ChartMill technical rating of ENERGY VAULT HOLDINGS INC (NRGV) stock?
ChartMill assigns a technical rating of 7 / 10 to NRGV.
What is the current trend direction of ENERGY VAULT HOLDINGS INC (NRGV) stock?
The current trend direction for ENERGY VAULT HOLDINGS INC (NRGV) is Bullish.
Can you provide the RSI signal for ENERGY VAULT HOLDINGS INC?
ENERGY VAULT HOLDINGS INC (NRGV) has an RSI value of 39.0157. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ENERGY VAULT HOLDINGS INC?
The buy/sell signal for ENERGY VAULT HOLDINGS INC (NRGV) is hold as the short term and long term trends are mixed.
What is the support and resistance level for NRGV stock?
ENERGY VAULT HOLDINGS INC (NRGV) has a support level at 4.09 and a resistance level at 4.22. Check the full technical report for our detailed analysis of NRGV support and resistance levels.