NVT Technical Analysis - NVENT ELECTRIC PLC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to NVT. Both in the recent history as in the last year, NVT 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 NVT is one of the better performing stocks in the market, outperforming 88% of all stocks.

NVT is one of the better performing stocks in the Electrical Equipment industry, it outperforms 73% of 92 stocks in the same industry.

A new 52 week high is currently being made by NVT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month NVT has a been trading in the 85.72 - 96.62 range, which is quite wide. It is currently trading near the high of this range.

NVT has an average volume of 1956630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NVENT ELECTRIC PLC / NVT Weekly stock chart

NVENT ELECTRIC PLC / NVT Daily stock chart

Setup Rating and Analysis

Although NVT 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

45.42

97.92

When analyzing the support we can see 3 important areas.

A support zone ranging from 90.96 to 92.40. 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 87.93 to 88.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @45.88 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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 NVT is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NVT is up.
ChartMill Relative Strength	88.97	POSITIVE	NVT has a high relative strength, it outperformed 88.97% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NVT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NVT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NVT is above the rising SMA(200).
Relative Strength Index/RSI (14)	65.53	NEUTRAL	The RSI value for NVT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests NVT has a positive trend.
Stochastics (14,3)	84.53	OVERBOUGHT	The high Stochastics value suggests NVT may be overbought.
Average True Range in percent/ATR (20)	2.44	MEDIUM VOLATILITY	The ATR as a percentage value for NVT suggests some volalility.
Average Directional Index/ADX (14)	32.63	POSITIVE	The high ADX value value for NVT suggests a strong trend.