NVEE Technical Analysis - NV5 GLOBAL INC

Technical Rating and Analysis

Overall NVEE gets a technical rating of 4 out of 10. In the last year, NVEE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month NVEE has a been trading in the 21.77 - 23.53 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been consolidating recently, but much resistance may still be present above.

NVEE is one of the better performing stocks in the Professional Services industry, it outperforms 72% of 82 stocks in the same industry.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When comparing the performance of all stocks over the past year, NVEE turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.

NVEE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NVEE is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NV5 GLOBAL INC / NVEE Weekly stock chart

Setup Rating and Analysis

NVEE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.55, a Stop Loss order could be placed below this zone.

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Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.81

23.76

We found 1 important support area.

A support zone ranging from 22.03 to 22.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 22.56 to 23.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	UP	POSITIVE	The long term trend for NVEE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NVEE is down.
ChartMill Relative Strength	53.67	NEUTRAL	NVEE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NVEE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of NVEE is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of NVEE is above a declining SMA(200).
Relative Strength Index/RSI (14)	46.59	NEUTRAL	The RSI value for NVEE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.12	NEGATIVE	The MACD value suggests NVEE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	46.45	NEUTRAL	The Stochastics value for NVEE is a neutral value.
Average True Range in percent/ATR (20)	1.8	LOW VOLATILITY	The low ATR as a percentage value for NVEE suggests low volalility.
Average Directional Index/ADX (14)	24.62	NEUTRAL	The ADX value for NVEE suggests a possible start of a new trend.