ENERGY VAULT HOLDINGS INC (NRGV) Stock Technical Analysis
NYSE:NRGV - New York Stock Exchange, Inc. - US29280W1099 - Common Stock - Currency: USD
Taking everything into account, NRGV scores 2 out of 10 in our technical rating. NRGV'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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, NRGV is a bad performer in the overall market: 87% of all stocks are doing better.
NRGV is one of the lesser performing stocks in the Electrical Equipment industry. 63% of 94 stocks in the same industry do 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.
NRGV has an average volume of 1339170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NRGV has a been trading in the 0.78 - 1.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NRGV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.82, a Stop Loss order could be placed below this zone.
More info and screens
0.80
0.97
When analyzing the support we notice one important area.
- A support zone ranging from 0.81 to 0.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.96 to 0.96. 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 NRGV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NRGV is neutral. |
| ChartMill Relative Strength | 13.22 | NEGATIVE | NRGV has a low relative strength, it was outperformed by 86.78% 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 | POSITIVE | The current price of NRGV is above the rising 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) | 47.99 | NEUTRAL | The RSI value for NRGV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NRGV has a negative trend. |
| Stochastics (14,3) | 39.63 | NEUTRAL | The Stochastics value for NRGV is a neutral value. |
| Average True Range in percent/ATR (20) | 10.93 | HIGH VOLATILITY | The high ATR as a percentage value for NRGV suggests high volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for NRGV suggests a weak or negative 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)
0.8588
-0.04 (-4.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-4.54%
1 Week-9.6%
2 Weeks3.96%
1 Month-4.59%
3 Month-25.32%
6 Month-53.33%
12 Month-20.48%
2 Year-68.54%
3 Year-91.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%10.93%
ATR Inc-52.04%
Range Today0.05
ADR(20)0.09
ADR(20)%10.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.22
Mansfield-3.49
10 Day High1.01
10 Day Low0.8
20 Day High1.03
20 Day Low0.78
52 Week High2.7
52 Week Low0.6
CS1 End0.82
CR1 Start0.89
Volume & EV
DER(3)-11.31%
DER(5)-10.42%
Volume662.50K
Volume Incr-27.91%
Vol(5)1.02M
Vol(50)1.34M