NOVA LTD (NVMI) Stock Technical Analysis
NASDAQ:NVMI - Nasdaq - IL0010845571 - Common Stock - Currency: USD
Taking everything into account, NVMI scores 1 out of 10 in our technical rating. NVMI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, NVMI is a bad performer in the overall market: 76% of all stocks are doing better.
NVMI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVMI is lagging the market.
NVMI is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 54% of 110 stocks in the same industry.
In the last month NVMI has a been trading in the 176.52 - 205.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NVMI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 202.19. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
158.32
204.53
We found 4 important support areas.
- A support zone ranging from 189.35 to 193.14. 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 182.99 to 182.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @169.62 from a trend line in the weekly time frame.
- Support @159.92 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 202.19 to 202.50. 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 | DOWN | NEGATIVE | The long term trend for NVMI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVMI is neutral. |
| ChartMill Relative Strength | 24.84 | NEGATIVE | NVMI has a low relative strength, it was outperformed by 75.16% 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) | DOWN | MIXED | The current price of NVMI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NVMI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.77 | NEUTRAL | The RSI value for NVMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests NVMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.64 | NEUTRAL | The Stochastics value for NVMI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for NVMI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.08 | NEGATIVE | The low ADX value for NVMI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
198.09
+15.09 (+8.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg8.25%
1 Week4.16%
2 Weeks1.25%
1 Month1.05%
3 Month-17.18%
6 Month7.8%
12 Month-5.06%
2 Year83.43%
3 Year86.49%
5 Year315.28%
10 Year1518.38%
15 Year4464.29%
Volatility
ATR(14)9.57
ATR(20)%4.55%
ATR Inc36.68%
Range Today13.4
ADR(20)7.46
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.84
Mansfield-0.86
10 Day High202.99
10 Day Low179
20 Day High205.5
20 Day Low176.52
52 Week High289.9
52 Week Low154
CS1 End193.14
CR1 Start202.19
Volume & EV
DER(3)-3.2%
DER(5)-2.04%
Volume366.60K
Volume Incr-20.6%
Vol(5)203.18K
Vol(50)270.52K