SOLVENTUM CORP (SOLV) Stock Technical Analysis
NYSE:SOLV - New York Stock Exchange, Inc. - US83444M1018 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SOLV. In the last year, SOLV was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SOLV did better than 79% of all other stocks.
SOLV is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 82% of 187 stocks in the same industry.
SOLV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOLV is lagging the market.
In the last month SOLV has a been trading in the 71.98 - 78.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
SOLV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 76.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 74.20, a Stop Loss order could be placed below this zone.
More info and screens
65.41
80.55
2 important support areas can be observed.
- A support zone ranging from 70.81 to 74.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.07 to 66.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 76.31 to 76.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @77.56 from a trend line in the daily time frame.
- A resistance zone ranging from 79.75 to 79.75. This zone is formed by a combination of multiple trend lines 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 SOLV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOLV is neutral. |
| ChartMill Relative Strength | 79.81 | POSITIVE | SOLV has a high relative strength, it outperformed 79.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SOLV is below the rising 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) | 52.49 | NEUTRAL | The RSI value for SOLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SOLV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.73 | NEUTRAL | The Stochastics value for SOLV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
| Average Directional Index/ADX (14) | 9.63 | 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)
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 |
|---|---|---|---|
| 76.32 | 71.97 | 4.35 (5.70%) | 17.54% |
| An entry @76.32. This is a Buy Stop order right above the resistance zone. | An exit @71.97. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.35 points, which is 5.70%. | For a 1.00% total portfolio risk, you can invest 17.54% 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.
74.75
+0.82 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.11%
1 Week2.01%
2 Weeks1.29%
1 Month0.16%
3 Month13.14%
6 Month-0.32%
12 Month29.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.62
ATR(20)%2.23%
ATR Inc-24.2%
Range Today1.3
ADR(20)1.59
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.81
Mansfield-0.32
10 Day High76.33
10 Day Low71.98
20 Day High78.86
20 Day Low71.98
52 Week High85.92
52 Week Low54.26
CS1 End74.2
CR1 Start76.31
Volume & EV
DER(3)0.97%
DER(5)0.89%
Volume453.30K
Volume Incr-37.92%
Vol(5)479.34K
Vol(50)907.54K