NVE CORP (NVEC) Technical Analysis
NASDAQ:NVEC • US6294452064
Current stock price
NVEC Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to NVEC. NVEC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- NVEC is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 71% are performing better than NVEC.
- In the last month NVEC has a been trading in the 65.01 - 72.56 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, NVEC turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- NVEC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVEC is lagging the market slightly.
NVEC Weekly and Daily overview Charts
NVEC Setup Rating and Analysis
Although the technical rating is bad, NVEC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 67.39, a Stop Loss order could be placed below this zone.
More info and screens
NVEC Support and Resistance Analysis
59.11
3 important support areas can be observed.
- A support zone ranging from 65.61 to 67.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.79 to 61.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @59.71 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 67.95 to 68.04. 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 74.50 to 76.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
NVEC Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for NVEC is neutral. |
| ChartMill Relative Strength | 64.88 | NEUTRAL | NVEC is not amongst the best or worst performers 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) | 50.4 | NEUTRAL | The RSI value for NVEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests NVEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.82 | NEUTRAL | The Stochastics value for NVEC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for NVEC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.06 | NEGATIVE | The low ADX value for NVEC suggests a weak or negative trend. |
NVEC Chart- and CandleStick Pattern Analysis
NVEC Technicals: Chart, Performance Metrics, Trend & Indicators
67.72
+0.42 (+0.62%)
NVE CORP / NVEC TA FAQ
What is the ChartMill technical rating of NVE CORP (NVEC) stock?
ChartMill assigns a technical rating of 3 / 10 to NVEC.
What is the current trend direction of NVE CORP (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 50.3991. This indicates that the stock is currently neutral.
What is the short term momentum for NVEC stock?
The short term momentum for NVE CORP (NVEC) is neutral.
What is the support and resistance level for NVEC stock?
NVE CORP (NVEC) has a support level at 67.39 and a resistance level at 67.95. Check the full technical report for our detailed analysis of NVEC support and resistance levels.