NVE CORP (NVEC) Stock Technical Analysis
USA - NASDAQ:NVEC - US6294452064 - Common Stock
We assign a technical rating of 1 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.
NVEC 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.
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62.77
When analyzing the support we notice one important area.
- A support zone ranging from 63.40 to 65.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @71.29 from a trend line in the weekly time frame.
- A resistance zone ranging from 72.77 to 73.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @75.81 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for NVEC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVEC is down. |
| ChartMill Relative Strength | 27.55 | NEGATIVE | NVEC has a low relative strength, it was outperformed by 72.45% 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) | UP | MIXED | The current price of NVEC is below the rising 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) | 39.93 | NEUTRAL | The RSI value for NVEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests NVEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.8 | OVERSOLD | The low Stochastics value suggests NVEC may be oversold. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for NVEC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.68 | NEGATIVE | The low ADX value for NVEC suggests a weak or negative trend. |
65.17
-0.12 (-0.18%)
NVE CORP / NVEC FAQ
What is the ChartMill technical rating of NVE CORP (NVEC) stock?
ChartMill assigns a technical rating of 1 / 10 to NVEC.
What is the trend direction for NVEC stock?
The current trend direction for NVE CORP (NVEC) is Bearish.
Can you provide the RSI signal for NVE CORP?
NVE CORP (NVEC) has an RSI value of 39.9251. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for NVE CORP?
NVE CORP (NVEC) has a support level at 65.1 and a resistance level at 71.29. Check the full technical report for our detailed analysis of NVEC support and resistance levels.