SOLVENTUM CORP (SOLV) Stock Technical Analysis
NYSE:SOLV - New York Stock Exchange, Inc. - US83444M1018 - Common Stock - Currency: USD
Overall SOLV gets a technical rating of 2 out of 10. SOLV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
SOLV is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. SOLV outperforms 73% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, SOLV turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
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 70.63 - 74.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, SOLV does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 70.81, a Stop Loss order could be placed below this zone.
More info and screens
62.38
80.55
3 important support areas can be observed.
- Support @70.81 from a horizontal line in the daily time frame.
- 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.
- Support @63.01 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 72.65 to 74.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 76.31 to 76.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 78.50 to 79.75. 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 | NEUTRAL | NEUTRAL | The long term trend for SOLV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOLV is neutral. |
| ChartMill Relative Strength | 63.24 | 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) | DOWN | NEGATIVE | The current price of SOLV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOLV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.6 | NEUTRAL | The RSI value for SOLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SOLV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.5 | NEUTRAL | The Stochastics value for SOLV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
| Average Directional Index/ADX (14) | 9.51 | 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)
71.42
-1.78 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.43%
1 Week-2.68%
2 Weeks-0.43%
1 Month-2.54%
3 Month-3.63%
6 Month-3.8%
12 Month20.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.93
ATR(20)%2.44%
ATR Inc39.9%
Range Today2.17
ADR(20)1.67
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.24
Mansfield-0.86
10 Day High74.98
10 Day Low71.34
20 Day High74.98
20 Day Low70.63
52 Week High85.92
52 Week Low58.76
CS1 End70.81
CR1 Start72.65
Volume & EV
DER(3)-1.07%
DER(5)0.37%
Volume3.95M
Volume Incr228.88%
Vol(5)2.24M
Vol(50)900.94K