ENERGY VAULT HOLDINGS INC (NRGV) Stock Technical Analysis
NYSE:NRGV - New York Stock Exchange, Inc. - US29280W1099 - Common Stock - Currency: USD
Overall NRGV gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NRGV was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, NRGV is a bad performer in the overall market: 84% of all stocks are doing better.
NRGV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NRGV is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
NRGV has an average volume of 1895900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NRGV is part of the Electrical Equipment industry. There are 95 other stocks in this industry, NRGV did better than 47% of them.
In the last month NRGV has a been trading in the 0.67 - 1.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NRGV has a poor technical rating and the quality of the setup is also not perfect 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
0.74
1.11
4 important support areas can be observed.
- A support zone ranging from 0.97 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.95 to 0.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.88 from a horizontal line in the daily time frame.
- Support @0.75 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.10 from a horizontal 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 NRGV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRGV is up. |
| ChartMill Relative Strength | 16.51 | NEGATIVE | NRGV has a low relative strength, it was outperformed by 83.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRGV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NRGV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NRGV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.75 | NEUTRAL | The RSI value for NRGV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NRGV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.04 | NEUTRAL | The Stochastics value for NRGV is a neutral value. |
| Average True Range in percent/ATR (20) | 10.03 | HIGH VOLATILITY | The high ATR as a percentage value for NRGV suggests high volalility. |
| Average Directional Index/ADX (14) | 28.77 | POSITIVE | The high ADX value value for NRGV suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.9767
+0.05 (+5.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg5.48%
1 Week8.51%
2 Weeks24.14%
1 Month43.63%
3 Month-33.1%
6 Month-38.57%
12 Month-16.52%
2 Year-53.49%
3 Year-93.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%10.03%
ATR Inc-15.06%
Range Today0.1
ADR(20)0.1
ADR(20)%9.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.51
Mansfield-2.57
10 Day High1.15
10 Day Low0.75
20 Day High1.15
20 Day Low0.67
52 Week High2.7
52 Week Low0.6
CS1 End0.98
CR1 Start1.1
Volume & EV
DER(3)8.57%
DER(5)5.6%
Volume1.29M
Volume Incr-32.16%
Vol(5)1.06M
Vol(50)1.90M