NVE CORP (NVEC) Stock Technical Analysis
NASDAQ:NVEC - Nasdaq - US6294452064 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to NVEC. NVEC'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NVEC is a bad performer in the overall market: 88% of all stocks are doing better.
NVEC is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 78% of 110 stocks in the same industry do better.
NVEC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
NVEC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NVEC is lagging the market.
Considerably lower volume is observed in the last couple of days.
NVEC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
59.75
85.96
When analyzing the support we notice one important area.
- Support @60.35 from a trend line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 63.02 to 63.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @74.32 from a horizontal line in the daily time frame.
- Resistance @78.76 from a trend line in the weekly time frame.
- Resistance @80.28 from a trend line in the daily time frame.
- A resistance zone ranging from 82.16 to 82.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @85.11 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 | DOWN | NEGATIVE | The long term trend for NVEC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVEC is down. |
| ChartMill Relative Strength | 12.45 | NEGATIVE | NVEC has a low relative strength, it was outperformed by 87.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVEC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVEC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.08 | NEUTRAL | The RSI value for NVEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests NVEC has a positive trend. |
| Stochastics (14,3) | 71.79 | NEUTRAL | The Stochastics value for NVEC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for NVEC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.29 | POSITIVE | The high ADX value value for NVEC 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)
63.01
-0.34 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.54%
1 Week2.19%
2 Weeks3.65%
1 Month-20.91%
3 Month-12.72%
6 Month-15.22%
12 Month-22.34%
2 Year-28.76%
3 Year24.23%
5 Year17.93%
10 Year19.97%
15 Year64.09%
Volatility
ATR(14)1.96
ATR(20)%4.35%
ATR Inc-30.55%
Range Today1.17
ADR(20)2.53
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.45
Mansfield-2.1
10 Day High65
10 Day Low59.19
20 Day High81.88
20 Day Low59.19
52 Week High88.5
52 Week Low51.5
CS1 End60.35
CR1 Start63.02
Volume & EV
DER(3)0.9%
DER(5)-1.02%
Volume32.40K
Volume Incr-32.56%
Vol(5)40.04K
Vol(50)75.08K