NVE CORP (NVEC) Stock Technical Analysis
NASDAQ:NVEC - Nasdaq - US6294452064 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to NVEC. Although NVEC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
NVEC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVEC is lagging the market slightly.
In the last month NVEC has a been trading in the 67.81 - 80.91 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that NVEC is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
NVEC is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, NVEC did better than 54% of them.
Although NVEC 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
67.83
89.44
2 important support areas can be observed.
- A support zone ranging from 74.32 to 75.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 68.52 to 68.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @83.13 from a trend line in the weekly time frame.
- A resistance zone ranging from 85.11 to 86.03. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @88.55 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for NVEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVEC is up. |
| ChartMill Relative Strength | 76.37 | POSITIVE | NVEC has a high relative strength, it outperformed 76.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NVEC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.3 | OVERBOUGHT | The high RSI value suggests NVEC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests NVEC has a positive trend. |
| Stochastics (14,3) | 95.18 | OVERBOUGHT | The high Stochastics value suggests NVEC may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for NVEC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for NVEC 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)
80.17
+1.18 (+1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.49%
1 Week4.8%
2 Weeks4.95%
1 Month14.1%
3 Month40.43%
6 Month-1.29%
12 Month-0.99%
2 Year1.21%
3 Year45.98%
5 Year47.81%
10 Year34.29%
15 Year86.57%
Volatility
ATR(14)2.16
ATR(20)%2.83%
ATR Inc-2.42%
Range Today2.41
ADR(20)2.23
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.37
Mansfield-0.04
10 Day High80.91
10 Day Low74.34
20 Day High80.91
20 Day Low67.81
52 Week High89.98
52 Week Low51.5
CS1 End75.45
CR1 Start83.13
Volume & EV
DER(3)-5.7%
DER(5)-2.77%
Volume56.80K
Volume Incr-6.19%
Vol(5)82.16K
Vol(50)71.97K