NOVA LTD (NVMI) Stock Technical Analysis
NASDAQ:NVMI • IL0010845571
Overall NVMI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NVMI 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.
- Looking at the yearly performance, NVMI did better than 93% of all other stocks. On top of that, NVMI also shows a nice and consistent pattern of rising prices.
- NVMI is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. NVMI outperforms 72% of them.
- NVMI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVMI is lagging the market slightly.
- In the last month NVMI has a been trading in the 405.15 - 483.14 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.
Besides having an excellent technical rating, NVMI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 447.56, a Stop Loss order could be placed below this zone.
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158.32
7 important support areas can be observed.
- A support zone ranging from 446.15 to 447.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 438.85 to 438.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @334.23 from a trend line in the weekly time frame.
- Support @325.51 from a trend line in the daily time frame.
- Support @312.29 from a trend line in the weekly time frame.
- Support @273.84 from a horizontal line in the daily time frame.
- Support @159.92 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 | UP | POSITIVE | The long term trend for NVMI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVMI is up. |
| ChartMill Relative Strength | 93.83 | POSITIVE | NVMI has a high relative strength, it outperformed 93.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVMI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVMI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.03 | NEUTRAL | The RSI value for NVMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.59 | NEGATIVE | The MACD value suggests NVMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.55 | NEUTRAL | The Stochastics value for NVMI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for NVMI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.63 | NEGATIVE | The low ADX value for NVMI suggests a weak or negative 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 |
|---|---|---|---|
| 464.00 | 446.14 | 17.86 (3.85%) | 25.00% |
| An entry @464.00. This is a Buy Stop order right above the 10 day high. | An exit @446.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 17.86 points, which is 3.85%. | For a 0.96% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NVMI. Please evaluate whether better entry and exit points can be found.
- 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.
448.2
+9.34 (+2.13%)
NOVA LTD / NVMI FAQ
What is the ChartMill technical rating of NOVA LTD (NVMI) stock?
ChartMill assigns a technical rating of 10 / 10 to NVMI.
What is the trend direction for NVMI stock?
The current trend direction for NOVA LTD (NVMI) is Bullish.
What is the RSI signal for NVMI stock?
NOVA LTD (NVMI) has an RSI value of 53.0313. This indicates that the stock is currently neutral.
What is the MACD signal for NOVA LTD (NVMI) stock?
The MACD indicator for NOVA LTD (NVMI) has a value of -3.58643, indicating a bearish trend.
What is the support and resistance level for NVMI stock?
NOVA LTD (NVMI) has a support level at 447.56. Check the full technical report for our detailed analysis of NVMI support and resistance levels.