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 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SOLV is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by SOLV over the past year are nicely spread over this period.
SOLV is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 88% of 187 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.
In the last month SOLV has a been trading in the 71.84 - 78.86 range, which is quite wide. It is currently trading near the high of this range.
SOLV has an average volume of 1023750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although SOLV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
66.07
78.67
We found 4 important support areas.
- Support @76.31 from a horizontal line in the daily time frame.
- A support zone ranging from 71.70 to 74.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.23 from a trend line in the weekly time frame.
- Support @66.74 from a horizontal line 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 | UP | POSITIVE | The short term trend for SOLV is up. |
| ChartMill Relative Strength | 87.7 | POSITIVE | SOLV has a high relative strength, it outperformed 87.7% 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) | 67.28 | NEUTRAL | The RSI value for SOLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SOLV has a positive trend. |
| Stochastics (14,3) | 84.67 | OVERBOUGHT | The high Stochastics value suggests SOLV may be overbought. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
| Average Directional Index/ADX (14) | 12.8 | 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)
77.89
+2.05 (+2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.7%
1 Week3.88%
2 Weeks4.62%
1 Month6.52%
3 Month17.66%
6 Month16.05%
12 Month56.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.56
ATR(20)%2%
ATR Inc46.7%
Range Today2.52
ADR(20)1.5
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.7
Mansfield0.5
10 Day High78.86
10 Day Low71.85
20 Day High78.86
20 Day Low71.85
52 Week High85.92
52 Week Low47.16
CS1 End74.27
CR1 Start76.31
Volume & EV
DER(3)1.94%
DER(5)2.52%
Volume1.07M
Volume Incr-20.28%
Vol(5)806.40K
Vol(50)1.02M