NOVA LTD (NVMI) Technical Analysis
NASDAQ:NVMI • IL0010845571
Current stock price
NVMI Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NVMI is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by NVMI over the past year are nicely spread over this period.
- NVMI is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. NVMI outperforms 76% of them.
- NVMI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NVMI has a been trading in the 408.38 - 501.32 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NVMI Weekly and Daily overview Charts
NVMI Setup Rating and Analysis
Although NVMI has an excellent technical rating, the quality of the presented setup is not ideal 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
NVMI Support and Resistance Analysis
271.10
6 important support areas can be observed.
- A support zone ranging from 434.84 to 456.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @426.25 from a trend line in the daily time frame.
- Support @415.64 from a horizontal line in the daily time frame.
- Support @352.17 from a trend line in the weekly time frame.
- Support @340.15 from a trend line in the daily time frame.
- Support @273.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 496.07 to 497.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
NVMI Technical Indicator Signal Analysis
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 | 95.76 | POSITIVE | NVMI has a high relative strength, it outperformed 95.76% 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) | 63.31 | NEUTRAL | The RSI value for NVMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.45 | POSITIVE | The MACD value suggests NVMI has a positive trend. |
| Stochastics (14,3) | 89.76 | OVERBOUGHT | The high Stochastics value suggests NVMI may be overbought. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for NVMI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for NVMI suggests a weak or negative trend. |
NVMI Chart- and CandleStick Pattern Analysis
NVMI Technicals: Chart, Performance Metrics, Trend & Indicators
496.06
+1.98 (+0.4%)
NOVA LTD / NVMI TA FAQ
What is the ChartMill technical rating of NOVA LTD (NVMI) stock?
ChartMill assigns a technical rating of 10 / 10 to NVMI.
What is the trend direction for NVMI stock?
The current trend direction for NOVA LTD (NVMI) is Bullish.
Can you provide the RSI signal for NOVA LTD?
NOVA LTD (NVMI) has an RSI value of 63.3099. This indicates that the stock is currently neutral.
What is the buy/sell signal for NVMI stock?
The buy/sell signal for NOVA LTD (NVMI) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for NOVA LTD (NVMI) stock?
NOVA LTD (NVMI) has a support level at 456.5 and a resistance level at 496.07. Check the full technical report for our detailed analysis of NVMI support and resistance levels.