NVENT ELECTRIC PLC (NVT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NVT - IE00BDVJJQ56 - Common Stock
We assign a technical rating of 10 out of 10 to NVT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVT is showing a nice and steady performance.
Besides having an excellent technical rating, NVT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 102.80, a Stop Loss order could be placed below this zone.
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95.63
We found 2 important support areas.
- A support zone ranging from 100.25 to 102.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @96.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 114.35 to 114.35. 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 NVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVT is up. |
| ChartMill Relative Strength | 88.38 | POSITIVE | NVT has a high relative strength, it outperformed 88.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NVT is below 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) | 54.32 | NEUTRAL | The RSI value for NVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests NVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.08 | NEUTRAL | The Stochastics value for NVT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for NVT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.28 | NEGATIVE | The low ADX value for NVT suggests a weak or negative 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 |
|---|---|---|---|
| 114.36 | 100.24 | 14.12 (12.35%) | 8.10% |
| An entry @114.36. This is a Buy Stop order right above the resistance zone. | An exit @100.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 14.12 points, which is 12.35%. | For a 1.00% total portfolio risk, you can invest 8.10% of your capital in this trade. |
- 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.
107.27
+0.74 (+0.69%)
NVENT ELECTRIC PLC / NVT FAQ
Can you provide the ChartMill technical rating for NVENT ELECTRIC PLC?
ChartMill assigns a technical rating of 10 / 10 to NVT.
What is the current trend direction of NVENT ELECTRIC PLC (NVT) stock?
The current trend direction for NVENT ELECTRIC PLC (NVT) is Bullish.
Can you provide the RSI signal for NVENT ELECTRIC PLC?
NVENT ELECTRIC PLC (NVT) has an RSI value of 54.3215. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NVENT ELECTRIC PLC?
The short term momentum for NVENT ELECTRIC PLC (NVT) is positive.
What is the buy/sell signal for NVT stock?
The buy/sell signal for NVENT ELECTRIC PLC (NVT) is buy as both the short term and long term trends are positive.