NOVA LTD (NVMI) Stock Technical Analysis
NASDAQ:NVMI - Nasdaq - IL0010845571 - Common Stock - Currency: USD
Taking everything into account, NVMI scores 6 out of 10 in our technical rating. In the last year, NVMI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NVMI is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 72% of 110 stocks in the same industry.
In the last month NVMI has a been trading in the 176.52 - 218.11 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, NVMI outperforms 40% of them, which is more or less in line with the market.
NVMI is currently trading in the middle 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 slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NVMI has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
158.32
220.03
3 important support areas can be observed.
- A support zone ranging from 183.52 to 184.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @169.62 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for NVMI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVMI is up. |
| ChartMill Relative Strength | 40.56 | NEUTRAL | NVMI is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of NVMI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.38 | NEUTRAL | The RSI value for NVMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2 | POSITIVE | The MACD value suggests NVMI has a positive trend. |
| Stochastics (14,3) | 90.97 | OVERBOUGHT | The high Stochastics value suggests NVMI may be overbought. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for NVMI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.2 | 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)
217.85
+16.96 (+8.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg8.44%
1 Week18.27%
2 Weeks9.38%
1 Month11.03%
3 Month-8.92%
6 Month18.55%
12 Month4.41%
2 Year101.73%
3 Year105.09%
5 Year356.71%
10 Year1679.82%
15 Year4919.59%
Volatility
ATR(14)8.65
ATR(20)%4.22%
ATR Inc12.35%
Range Today12.74
ADR(20)7.36
ADR(20)%3.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.56
Mansfield0.06
10 Day High218.11
10 Day Low179
20 Day High218.11
20 Day Low176.52
52 Week High289.9
52 Week Low154
CS1 End184.85
CR1 StartN/A
Volume & EV
DER(3)-0.96%
DER(5)-1.76%
Volume514.80K
Volume Incr26.5%
Vol(5)316.86K
Vol(50)271.17K