SOLVENTUM CORP (SOLV) Stock Technical Analysis
USA - NYSE:SOLV - US83444M1018 - Common Stock
71.37 USD
+0.91 (+1.29%)
71.37 USD
0 (0%)
Taking everything into account, SOLV scores 0 out of 10 in our technical rating. SOLV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, SOLV is a bad performer in the overall market: 64% of all stocks are doing better.
In the last month SOLV has a been trading in the 69.36 - 75.60 range, which is quite wide. It is currently trading near the lows of this range.
SOLV has an average volume of 1075790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
SOLV is an average performer in the Health Care Equipment & Supplies industry, it outperforms 65% of 191 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.
SOLV has a bad technical rating, but it does show a decent setup pattern. 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
65.41
80.55
When analyzing the support we can see 2 important areas.
- 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 72.84 to 73.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.75 to 74.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
- 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 | DOWN | NEGATIVE | The short term trend for SOLV is down. |
| ChartMill Relative Strength | 36.8 | 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) | UP | MIXED | The current price of SOLV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.59 | NEUTRAL | The RSI value for SOLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests SOLV has a negative trend. |
| Stochastics (14,3) | 22.67 | NEUTRAL | The Stochastics value for SOLV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
| Average Directional Index/ADX (14) | 16.66 | 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)
71.37
+0.91 (+1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.29%
1 Week-3.19%
2 Weeks-2.75%
1 Month-1.78%
3 Month-5.42%
6 Month-4.52%
12 Month5.62%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.63
ATR(20)%2.33%
ATR Inc20.49%
Range Today1.53
ADR(20)1.57
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.8
Mansfield-1.06
10 Day High75.5
10 Day Low69.36
20 Day High75.6
20 Day Low69.36
52 Week High85.92
52 Week Low60.7
CS1 End70.81
CR1 Start72.84
Volume & EV
DER(3)-0.69%
DER(5)0.35%
Volume934.10K
Volume Incr1.11%
Vol(5)1.06M
Vol(50)1.08M