NYSE:SOLV - New York Stock Exchange, Inc. - US83444M1018 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to SOLV. In the last year, SOLV was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
SOLV has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 73.53, a Stop Loss order could be placed below this zone.
62.38
We found 3 important support areas.
When analyzing the resistance we notice 3 important areas.
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 | 78.66 | POSITIVE | SOLV has a high relative strength, it outperformed 78.66% off all stocks 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 | POSITIVE | The current price of SOLV is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 49.1 | NEUTRAL | The RSI value for SOLV is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SOLV has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 25.75 | NEUTRAL | The Stochastics value for SOLV is a neutral value. |
Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
Average Directional Index/ADX (14) | 9.46 | NEGATIVE | The low ADX value for SOLV suggests a weak or negative trend. |
73.93
-0.47 (-0.63%)