ENVIRI CORP (NVRI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NVRI - US4158641070 - Common Stock
Overall NVRI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NVRI has proven to be a steady performer, scoring decent points in every aspect analyzed.
NVRI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 18.34. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.43
When analyzing the support we can see 5 important areas.
- A support zone ranging from 18.08 to 18.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.74 from a horizontal line in the daily time frame.
- Support @13.84 from a trend line in the daily time frame.
- A support zone ranging from 12.32 to 12.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.34 to 18.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NVRI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVRI is up. |
| ChartMill Relative Strength | 96.95 | POSITIVE | NVRI has a high relative strength, it outperformed 96.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVRI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVRI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVRI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.61 | OVERBOUGHT | The high RSI value suggests NVRI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests NVRI has a negative trend. |
| Stochastics (14,3) | 73.33 | NEUTRAL | The Stochastics value for NVRI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for NVRI suggests low volalility. |
| Average Directional Index/ADX (14) | 35.38 | POSITIVE | The high ADX value value for NVRI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.41 | 18.07 | 0.34 (1.85%) | 25.00% |
| An entry @18.41. This is a Buy Stop order right above the resistance zone. | An exit @18.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.34 points, which is 1.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%. |
- The distance between exit and entry is rather small compared to the average daily movement of NVRI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.22
-0.05 (-0.27%)
ENVIRI CORP / NVRI FAQ
Can you provide the ChartMill technical rating for ENVIRI CORP?
ChartMill assigns a technical rating of 10 / 10 to NVRI.
What is the current trend direction of ENVIRI CORP (NVRI) stock?
The current trend direction for ENVIRI CORP (NVRI) is Bullish.
What is the RSI signal for NVRI stock?
ENVIRI CORP (NVRI) has an RSI value of 71.6085. This indicates that the stock is currently overbought.
What is the short term momentum for ENVIRI CORP (NVRI) stock?
The short term momentum for ENVIRI CORP (NVRI) is positive.
What is the support and resistance level for NVRI stock?
ENVIRI CORP (NVRI) has a support level at 18.16 and a resistance level at 18.34. Check the full technical report for our detailed analysis of NVRI support and resistance levels.