ENERGY VAULT HOLDINGS INC (NRGV) Stock Technical Analysis
NYSE:NRGV • US29280W1099
Overall NRGV gets a technical rating of 4 out of 10. Although NRGV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month NRGV has a been trading in the 2.95 - 5.76 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, NRGV did better than 92% of all other stocks. We also observe that the gains produced by NRGV over the past year are nicely spread over this period.
- NRGV is one of the better performing stocks in the Electrical Equipment industry, it outperforms 73% of 91 stocks in the same industry.
- NRGV has an average volume of 3685830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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.
NRGV has an average technical rating and it also 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 2 important support areas.
- A support zone ranging from 3.05 to 3.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.97 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 | NEUTRAL | NEUTRAL | The long term trend for NRGV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NRGV is down. |
| ChartMill Relative Strength | 92.63 | POSITIVE | NRGV has a high relative strength, it outperformed 92.63% 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) | DOWN | NEGATIVE | The current price of NRGV is below a declining 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) | 30.05 | NEUTRAL | The RSI value for NRGV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests NRGV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.86 | OVERSOLD | The low Stochastics value suggests NRGV may be oversold. |
| Average True Range in percent/ATR (20) | 13.97 | HIGH VOLATILITY | The high ATR as a percentage value for NRGV suggests high volalility. |
| Average Directional Index/ADX (14) | 23.18 | NEUTRAL | The ADX value for NRGV suggests a possible start of a new trend. |
3.06
-0.12 (-3.77%)
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 4 / 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 Bearish.
Can you provide the RSI signal for ENERGY VAULT HOLDINGS INC?
ENERGY VAULT HOLDINGS INC (NRGV) has an RSI value of 30.0477. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ENERGY VAULT HOLDINGS INC?
ENERGY VAULT HOLDINGS INC (NRGV) has a support level at 3.05. Check the full technical report for our detailed analysis of NRGV support and resistance levels.