SOLVENTUM CORP (SOLV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SOLV - US83444M1018 - Common Stock
We assign a technical rating of 10 out of 10 to SOLV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOLV is showing a nice and steady performance.
SOLV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 85.42, a Stop Loss order could be placed below this zone.
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64.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 84.97 to 85.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.51 from a trend line in the weekly time frame.
- Support @66.72 from a trend line in the daily time frame.
- Support @65.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 85.44 to 85.77. 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 | UP | POSITIVE | The short term trend for SOLV is up. |
| ChartMill Relative Strength | 84.82 | POSITIVE | SOLV has a high relative strength, it outperformed 84.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOLV is above 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) | 79.13 | OVERBOUGHT | The high RSI value suggests SOLV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests SOLV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.27 | NEUTRAL | The Stochastics value for SOLV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
| Average Directional Index/ADX (14) | 43.02 | POSITIVE | The high ADX value value for SOLV suggests a strong trend. |
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 |
|---|---|---|---|
| 85.78 | 84.96 | 0.82 (0.96%) | 25.00% |
| An entry @85.78. This is a Buy Stop order right above the resistance zone. | An exit @84.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.82 points, which is 0.96%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SOLV. Please evaluate whether better entry and exit points can be found.
- 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.
85.43
+0.17 (+0.2%)
SOLVENTUM CORP / SOLV FAQ
Can you provide the ChartMill technical rating for SOLVENTUM CORP?
ChartMill assigns a technical rating of 10 / 10 to SOLV.
What is the trend direction for 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 79.1347. This indicates that the stock is currently overbought.
What is the MACD signal for SOLV stock?
The MACD indicator for SOLVENTUM CORP (SOLV) has a value of 0.395518, indicating a bearish trend.
What is the buy/sell signal for SOLV stock?
The buy/sell signal for SOLVENTUM CORP (SOLV) is buy as both the short term and long term trends are positive.