NVENT ELECTRIC PLC (NVT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NVT - IE00BDVJJQ56 - Common Stock
Overall NVT gets a technical rating of 8 out of 10. 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.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, NVT did better than 88% of all other stocks.
- NVT 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 NVT has a been trading in the 96.50 - 113.14 range, which is quite wide. It is currently trading near the high of this range.
- NVT has an average volume of 2142810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NVT is part of the Electrical Equipment industry. There are 91 other stocks in this industry, NVT did better than 70% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NVT has an excellent technical rating, it does not present a decent entry opportunity 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
95.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 104.43 to 106.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 100.25 to 101.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 96.60 to 96.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance 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 | NEUTRAL | NEUTRAL | The short term trend for NVT is neutral. |
| ChartMill Relative Strength | 88.62 | POSITIVE | NVT has a high relative strength, it outperformed 88.62% 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) | 61.86 | NEUTRAL | The RSI value for NVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests NVT has a positive trend. |
| Stochastics (14,3) | 64.66 | NEUTRAL | The Stochastics value for NVT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for NVT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for NVT suggests a weak or negative trend. |
112.5
+4.52 (+4.19%)
NVENT ELECTRIC PLC / NVT FAQ
Can you provide the ChartMill technical rating for NVENT ELECTRIC PLC?
ChartMill assigns a technical rating of 8 / 10 to NVT.
Can you provide the trend direction for NVENT ELECTRIC PLC?
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 61.8613. This indicates that the stock is currently neutral.
What are the support and resistance levels for NVENT ELECTRIC PLC (NVT) stock?
NVENT ELECTRIC PLC (NVT) has a support level at 106.93 and a resistance level at 114.35. Check the full technical report for our detailed analysis of NVT support and resistance levels.