ENVISTA HOLDINGS CORP (NVST) Stock Technical Analysis
NYSE:NVST - US29415F1049 - Common Stock
21.18 USD
-0.07 (-0.33%)
21.18 USD
0 (0%)
We assign a technical rating of 8 out of 10 to NVST. Although NVST is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
NVST is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 77% of 190 stocks in the same industry.
NVST is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVST is lagging the market slightly.
NVST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NVST has an average volume of 2187380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NVST did better than 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, NVST also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 21.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.09, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
18.25
22.55
We found 4 important support areas.
- A support zone ranging from 20.75 to 21.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.10 to 20.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.89 from a horizontal line in the daily time frame.
- Support @18.43 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @21.77 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.29 to 22.33. 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 NVST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVST is up. |
| ChartMill Relative Strength | 76.51 | POSITIVE | NVST has a high relative strength, it outperformed 76.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.92 | NEUTRAL | The RSI value for NVST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NVST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.21 | NEUTRAL | The Stochastics value for NVST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for NVST suggests some volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for NVST 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)
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 |
|---|---|---|---|
| 21.78 | 20.74 | 1.04 (4.78%) | 20.94% |
| An entry @21.78. This is a Buy Stop order right above the resistance zone. | An exit @20.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.04 points, which is 4.78%. | When investing 20.94% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
21.18
-0.07 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.33%
1 Week-2.49%
2 Weeks2.62%
1 Month1.68%
3 Month15.93%
6 Month6.01%
12 Month15.99%
2 Year-33.85%
3 Year-42.9%
5 Year-11.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%2.91%
ATR Inc-36.21%
Range Today0.44
ADR(20)0.58
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.51
Mansfield0.12
10 Day High21.73
10 Day Low20.37
20 Day High21.73
20 Day Low19.35
52 Week High23
52 Week Low14.22
CS1 End21.09
CR1 Start21.77
Volume & EV
DER(3)0.57%
DER(5)0.43%
Volume1.04M
Volume Incr-45.31%
Vol(5)1.43M
Vol(50)2.19M