NVENT ELECTRIC PLC (NVT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NVT - IE00BDVJJQ56 - Common Stock
Taking everything into account, NVT scores 7 out of 10 in our technical rating. In the last year, NVT was one of the better performers, but we do observe some doubts in the very recent evolution.
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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94.04
2 important support areas can be observed.
- A support zone ranging from 100.25 to 101.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 94.99 to 96.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 102.98 to 104.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @107.85 from a trend line in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for NVT is down. |
| ChartMill Relative Strength | 87.7 | POSITIVE | NVT has a high relative strength, it outperformed 87.7% 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 | MIXED | The current price of NVT is below 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) | 48.02 | NEUTRAL | The RSI value for NVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests NVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.47 | NEUTRAL | The Stochastics value for NVT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for NVT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.35 | NEUTRAL | The ADX value for NVT suggests a possible start of a new trend. |
102.79
+1.25 (+1.23%)
NVENT ELECTRIC PLC / NVT FAQ
Can you provide the ChartMill technical rating for NVENT ELECTRIC PLC?
ChartMill assigns a technical rating of 7 / 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 48.0193. 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 negative.
What is the buy/sell signal for NVT stock?
The buy/sell signal for NVENT ELECTRIC PLC (NVT) is hold as the short term and long term trends are mixed.