NUVVE HOLDING CORP (NVVE) Stock Technical Analysis
NASDAQ:NVVE - Nasdaq - US67079Y3080 - Common Stock - Currency: USD
Taking everything into account, NVVE scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NVVE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, NVVE is a bad performer in the overall market: 96% of all stocks are doing better.
NVVE is one of the lesser performing stocks in the Electrical Equipment industry. 83% of 94 stocks in the same industry do better.
NVVE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NVVE is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
NVVE has an average volume of 7073180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month NVVE has a been trading in the 0.82 - 1.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NVVE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for NVVE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.87
2.73
When analyzing the support we can see 3 important areas.
- Support @1.11 from a trend line in the daily time frame.
- Support @0.95 from a trend line in the daily time frame.
- Support @0.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @1.49 from a horizontal line in the daily time frame.
- Resistance @2.07 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.18 to 2.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.47 from a trend line in the daily time frame.
- Resistance @2.70 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for NVVE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVVE is up. |
| ChartMill Relative Strength | 4.28 | NEGATIVE | NVVE has a low relative strength, it was outperformed by 95.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.02 | NEUTRAL | The RSI value for NVVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NVVE has a positive trend. |
| Stochastics (14,3) | 47.99 | NEUTRAL | The Stochastics value for NVVE is a neutral value. |
| Average True Range in percent/ATR (20) | 15.3 | HIGH VOLATILITY | The high ATR as a percentage value for NVVE suggests high volalility. |
| Average Directional Index/ADX (14) | 37.01 | POSITIVE | The high ADX value value for NVVE 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)
1.36
-0.01 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.73%
1 Week14.29%
2 Weeks11.48%
1 Month22.52%
3 Month-15.53%
6 Month-59.76%
12 Month-80.78%
2 Year-99.43%
3 Year-99.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%15.3%
ATR Inc7.68%
Range Today0.32
ADR(20)0.2
ADR(20)%14.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.28
Mansfield-6.23
10 Day High1.8
10 Day Low1.03
20 Day High1.8
20 Day Low0.82
52 Week High8.8
52 Week Low0.82
CS1 End1.11
CR1 Start1.49
Volume & EV
DER(3)4.69%
DER(5)2.56%
Volume2.27M
Volume Incr-88.92%
Vol(5)1.86M
Vol(50)7.07M