Overall NVMI gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVMI is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, NVMI did better than 93% of all other stocks. We also observe that the gains produced by NVMI over the past year are nicely spread over this period.
- NVMI is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry. NVMI outperforms 76% of them.
- NVMI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NVMI has a been trading in the 327.80 - 471.61 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NVMI has an excellent technical rating, it does not present a decent entry opportunity 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
271.10
When analyzing the support we can see 5 important areas.
- Support @368.03 from a trend line in the daily time frame.
- Support @331.71 from a trend line in the daily time frame.
- Support @312.71 from a trend line in the weekly time frame.
- Support @299.54 from a trend line in the weekly time frame.
- Support @273.84 from a horizontal line in the daily 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 | 93.99 | POSITIVE | NVMI has a high relative strength, it outperformed 93.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVMI is above the rising 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) | 81.85 | OVERBOUGHT | The high RSI value suggests NVMI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 8.46 | POSITIVE | The MACD value suggests NVMI has a positive trend. |
| Stochastics (14,3) | 93.91 | OVERBOUGHT | The high Stochastics value suggests NVMI may be overbought. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for NVMI suggests some volalility. |
| Average Directional Index/ADX (14) | 32.53 | POSITIVE | The high ADX value value for NVMI suggests a strong trend. |
463.02
+10.93 (+2.42%)
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 81.8451. This indicates that the stock is currently overbought.
What is the MACD signal for NOVA LTD (NVMI) stock?
The MACD indicator for NOVA LTD (NVMI) has a value of 8.4569, indicating a bullish trend.
What is the support and resistance level for NVMI stock?
NOVA LTD (NVMI) has a support level at 368.03. Check the full technical report for our detailed analysis of NVMI support and resistance levels.