NVENT ELECTRIC PLC (NVT) Stock Technical Analysis
NYSE:NVT - New York Stock Exchange, Inc. - IE00BDVJJQ56 - Common Stock - Currency: USD
Overall NVT gets a technical rating of 6 out of 10. In the last year, NVT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, NVT is a bad performer in the overall market: 64% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
NVT 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
NVT has an average volume of 2286020 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 95 other stocks in this industry, NVT did better than 62% of them.
NVT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVT is lagging the market slightly.
Although the technical rating is only medium, NVT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 67.30. Right above this resistance zone may be a good entry point.
More info and screens
45.42
71.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 64.02 to 64.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @45.88 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 67.30 to 68.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @70.98 from a trend line in the weekly time frame.
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 | 36.67 | NEUTRAL | NVT is not amongst the best or worst performers 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) | 63.94 | NEUTRAL | The RSI value for NVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests NVT has a negative trend. |
| Stochastics (14,3) | 69.87 | NEUTRAL | The Stochastics value for NVT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for NVT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.13 | POSITIVE | The high ADX value value for NVT suggests a strong 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 |
|---|---|---|---|
| 68.85 | 64.01 | 4.84 (7.03%) | 14.23% |
| An entry @68.85. This is a Buy Stop order right above the resistance zone. | An exit @64.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.84 points, which is 7.03%. | When investing 14.23% 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.
66.53
+0.37 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.56%
1 Week3.92%
2 Weeks-2.59%
1 Month21.16%
3 Month10.26%
6 Month-15.04%
12 Month-18.25%
2 Year53.37%
3 Year87.94%
5 Year262.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2
ATR(20)%3.13%
ATR Inc-22.76%
Range Today1.78
ADR(20)1.75
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.67
Mansfield-0.48
10 Day High68.23
10 Day Low63.15
20 Day High69.22
20 Day Low55.63
52 Week High82.05
52 Week Low41.71
CS1 End64.17
CR1 Start67.3
Volume & EV
DER(3)-0.54%
DER(5)0.59%
Volume1.14M
Volume Incr-41.77%
Vol(5)1.36M
Vol(50)2.29M