We assign a technical rating of 10 out of 10 to NVMI. 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.
Although NVMI has an excellent technical rating, it 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.
158.32
When analyzing the support we can see 6 important areas.
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 | 93.35 | POSITIVE | NVMI has a high relative strength, it outperformed 93.35% 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) | 69.46 | NEUTRAL | The RSI value for NVMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.97 | POSITIVE | The MACD value suggests NVMI has a positive trend. |
| Stochastics (14,3) | 84.92 | OVERBOUGHT | The high Stochastics value suggests NVMI may be overbought. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for NVMI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.03 | NEGATIVE | The low ADX value for NVMI suggests a weak or negative trend. |
394.07
+18.28 (+4.86%)
ChartMill assigns a technical rating of 10 / 10 to NVMI.
The current trend direction for NOVA LTD (NVMI) is Bullish.
NOVA LTD (NVMI) has an RSI value of 69.4636. This indicates that the stock is currently neutral.
The MACD indicator for NOVA LTD (NVMI) has a value of 5.96746, indicating a bullish trend.
NOVA LTD (NVMI) has a support level at 346.68. Check the full technical report for our detailed analysis of NVMI support and resistance levels.