NOVA LTD (NVMI) Stock Technical Analysis
USA - NASDAQ:NVMI - IL0010845571 - Common Stock
307.59 USD
-6.43 (-2.05%)
311.95 USD
+4.36 (+1.42%)
Taking everything into account, NVMI scores 9 out of 10 in our technical rating. 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.
In the last month NVMI has a been trading in the 290.50 - 361.32 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, NVMI did better than 89% of all other stocks.
NVMI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NVMI is performing more or less in line with the market.
NVMI is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, NVMI did better than 63% of them.
Although NVMI has an excellent technical rating, it does not offer a high quality setup 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
158.32
355.11
3 important support areas can be observed.
- A support zone ranging from 304.67 to 307.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @275.39 from a trend line in the daily time frame.
- Support @159.92 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @351.59 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 | NEUTRAL | NEUTRAL | The short term trend for NVMI is neutral. |
| ChartMill Relative Strength | 89.99 | POSITIVE | NVMI has a high relative strength, it outperformed 89.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NVMI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NVMI is below 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) | 42.14 | NEUTRAL | The RSI value for NVMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.85 | NEGATIVE | The MACD value suggests NVMI has a negative trend. |
| Stochastics (14,3) | 37.59 | NEUTRAL | The Stochastics value for NVMI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for NVMI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.64 | 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)
307.59
-6.43 (-2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.05%
1 Week-10.75%
2 Weeks-10.86%
1 Month1.76%
3 Month13.79%
6 Month67.61%
12 Month55.6%
2 Year139.17%
3 Year259.46%
5 Year376.59%
10 Year2815.55%
15 Year4525.41%
Volatility
ATR(14)17.4
ATR(20)%5.35%
ATR Inc143.25%
Range Today10.47
ADR(20)13.04
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.99
3 months CRS82.5
6 months CRS91.79
Mansfield1.67
10 Day High361.32
10 Day Low290.5
20 Day High361.32
20 Day Low290.5
52 Week High361.32
52 Week Low154
CS1 End307.58
CR1 Start351.59
Volume & EV
DER(3)1.66%
DER(5)2.02%
Volume430.07K
Volume Incr35.75%
Vol(5)444.18K
Vol(50)467.99K
NOVA LTD / NVMI FAQ
What is the ChartMill technical rating of NOVA LTD (NVMI) stock?
ChartMill assigns a technical rating of 9 / 10 to NVMI.
What is the current trend direction of NOVA LTD (NVMI) stock?
The current trend direction for NOVA LTD (NVMI) is Bullish.
What is the RSI signal for NOVA LTD (NVMI) stock?
NOVA LTD (NVMI) has an RSI value of 42.1413. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NOVA LTD?
The short term momentum for NOVA LTD (NVMI) is neutral.