We assign a technical rating of 8 out of 10 to NVMI. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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
2 important support areas can be observed.
- A support zone ranging from 273.65 to 280.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @159.92 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important 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 | 92.43 | POSITIVE | NVMI has a high relative strength, it outperformed 92.43% 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 | 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) | 52.35 | NEUTRAL | The RSI value for NVMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.1 | POSITIVE | The MACD value suggests NVMI has a positive trend. |
| Stochastics (14,3) | 73.87 | NEUTRAL | The Stochastics value for NVMI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for NVMI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.99 | POSITIVE | The high ADX value value for NVMI suggests a strong trend. |
312.84
+5.17 (+1.68%)
NOVA LTD / NVMI FAQ
What is the ChartMill technical rating of NOVA LTD (NVMI) stock?
ChartMill assigns a technical rating of 8 / 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 52.3516. 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.