SOLVENTUM CORP (SOLV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SOLV - US83444M1018 - Common Stock
80.05 USD
+0.02 (+0.02%)
80.05 USD
0 (0%)
Overall SOLV gets a technical rating of 6 out of 10. SOLV has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month SOLV has a been trading in the 78.18 - 86.36 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- SOLV is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 72% of 185 stocks in the same industry.
- SOLV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SOLV is lagging the market slightly.
- SOLV has an average volume of 1135820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, SOLV outperforms 67% of them, which is more or less in line with the market.
SOLV has an average technical rating and it also does not offer a high quality setup 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
64.82
87.00
5 important support areas can be observed.
- A support zone ranging from 79.02 to 79.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @72.28 from a trend line in the weekly time frame.
- Support @69.04 from a horizontal line in the weekly time frame.
- Support @67.30 from a trend line in the daily time frame.
- Support @65.47 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @80.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 85.77 to 86.14. 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 SOLV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOLV is neutral. |
| ChartMill Relative Strength | 67.44 | NEUTRAL | SOLV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOLV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOLV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOLV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.99 | NEUTRAL | The RSI value for SOLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SOLV has a negative trend. |
| Stochastics (14,3) | 45.73 | NEUTRAL | The Stochastics value for SOLV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
| Average Directional Index/ADX (14) | 19.59 | NEGATIVE | The low ADX value for SOLV suggests a weak or negative 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)
80.05
+0.02 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.02%
1 Week-4.97%
2 Weeks-0.14%
1 Month-2.25%
3 Month10.93%
6 Month9.24%
12 Month8.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.84
ATR(20)%2.1%
ATR Inc154.81%
Range Today1.25
ADR(20)1.66
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.44
3 months CRS80.58
6 months CRS64.34
Mansfield-0.31
10 Day High86.36
10 Day Low78.18
20 Day High86.36
20 Day Low78.18
52 Week High88.2
52 Week Low60.7
CS1 End79.87
CR1 Start80.11
Volume & EV
DER(3)-1.33%
DER(5)-0.42%
Volume1.04M
Volume Incr7.2%
Vol(5)1.08M
Vol(50)1.14M
SOLVENTUM CORP / SOLV FAQ
Can you provide the ChartMill technical rating for SOLVENTUM CORP?
ChartMill assigns a technical rating of 6 / 10 to SOLV.
What is the current trend direction of SOLVENTUM CORP (SOLV) stock?
The current trend direction for SOLVENTUM CORP (SOLV) is Bullish.
Can you provide the RSI signal for SOLVENTUM CORP?
SOLVENTUM CORP (SOLV) has an RSI value of 44.9949. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SOLVENTUM CORP?
The short term momentum for SOLVENTUM CORP (SOLV) is neutral.