NVENT ELECTRIC PLC (NVT) Stock Technical Analysis
USA - NYSE:NVT - IE00BDVJJQ56 - Common Stock
Overall NVT gets a technical rating of 9 out of 10. 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.
Although NVT has an excellent technical rating, the quality of the presented setup is not ideal 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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93.97
We found 2 important support areas.
- A support zone ranging from 98.83 to 101.39. 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 94.92 to 96.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 87.73 | POSITIVE | NVT has a high relative strength, it outperformed 87.73% 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) | 67.99 | NEUTRAL | The RSI value for NVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests NVT has a positive trend. |
| Stochastics (14,3) | 93.02 | OVERBOUGHT | The high Stochastics value suggests NVT may be overbought. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for NVT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.9 | 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 |
|---|---|---|---|
| 107.76 | 95.14 | 12.62 (11.71%) | 8.54% |
| An entry @107.76. This is a Buy Stop order right above the 10 day high. | An exit @95.14. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 12.62 points, which is 11.71%. | For a 1.00% total portfolio risk, you can invest 8.54% 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.
106.28
+2.06 (+1.98%)
NVENT ELECTRIC PLC / NVT FAQ
Can you provide the ChartMill technical rating for NVENT ELECTRIC PLC?
ChartMill assigns a technical rating of 9 / 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 67.9941. 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.