Nuvei Corporation (NVEI.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:NVEI • CA67079A1021
Overall NVEI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NVEI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NVEI is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by NVEI over the past year are nicely spread over this period.
- NVEI is one of the better performing stocks in the Financial Services industry, it outperforms 100% of 27 stocks in the same industry.
- NVEI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NVEI has a been trading in a tight range between 46.26 and 47.94.
- Volume is considerably higher in the last couple of days.
NVEI has an excellent technical rating, but the quality of the setup is only medium 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
43.38
2 important support areas can be observed.
- A support zone ranging from 44.75 to 47.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.82 to 43.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.88 to 47.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NVEI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVEI.CA is up. |
| ChartMill Relative Strength | 88.34 | POSITIVE | NVEI.CA has a high relative strength, it outperformed 88.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVEI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVEI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVEI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.86 | NEUTRAL | The RSI value for NVEI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests NVEI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.5 | OVERBOUGHT | The high Stochastics value suggests NVEI.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.62 | LOW VOLATILITY | The low ATR as a percentage value for NVEI.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 36.88 | POSITIVE | The high ADX value value for NVEI.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 47.89 | 46.32 | 1.57 (3.29%) | 25.00% |
| An entry @47.89. This is a Buy Stop order right above the resistance zone. | An exit @46.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.57 points, which is 3.29%. | For a 0.82% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:NVEI (11/18/2024, 7:00:00 PM)
47.61
-0.26 (-0.54%)
Nuvei Corporation / NVEI.CA FAQ
Can you provide the ChartMill technical rating for Nuvei Corporation?
ChartMill assigns a technical rating of 10 / 10 to NVEI.CA.
Can you provide the trend direction for Nuvei Corporation?
The current trend direction for Nuvei Corporation (NVEI.CA) is Bullish.
What is the RSI signal for NVEI stock?
Nuvei Corporation (NVEI.CA) has an RSI value of 68.8618. This indicates that the stock is currently neutral.
What is the MACD signal for NVEI stock?
The MACD indicator for Nuvei Corporation (NVEI.CA) has a value of 0.0763487, indicating a bearish trend.
What is the buy/sell signal for NVEI stock?
The buy/sell signal for Nuvei Corporation (NVEI.CA) is buy as both the short term and long term trends are positive.