SOLVENTUM CORP (SOLV) Stock Technical Analysis
USA - NYSE:SOLV - US83444M1018 - Common Stock
73.88 USD
+2.09 (+2.91%)
73.88 USD
0 (0%)
Overall SOLV gets a technical rating of 6 out of 10. SOLV has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
SOLV is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry. SOLV outperforms 73% of them.
In the last month SOLV has a been trading in the 66.11 - 73.92 range, which is quite wide. It is currently trading near the high of this range.
SOLV has an average volume of 1033930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 60% 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SOLV has an average technical rating and it also does not offer a high quality setup 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
64.82
80.55
When analyzing the support we can see 2 important areas.
- Support @73.38 from a horizontal line in the daily time frame.
- A support zone ranging from 65.47 to 66.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Strong resistance @74.75 from a horizontal line in the daily time frame.
- Strong resistance @76.31 from a horizontal line in the daily time frame.
- A resistance zone ranging from 79.75 to 79.75. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for SOLV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOLV is up. |
| ChartMill Relative Strength | 60.89 | NEUTRAL | SOLV is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of SOLV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.46 | NEUTRAL | The RSI value for SOLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests SOLV has a positive trend. |
| Stochastics (14,3) | 81.8 | OVERBOUGHT | The high Stochastics value suggests SOLV may be overbought. |
| 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) | 17.86 | 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)
73.88
+2.09 (+2.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.91%
1 Week7.71%
2 Weeks4.17%
1 Month3.34%
3 Month3.44%
6 Month-0.31%
12 Month9.48%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.85
ATR(20)%2.26%
ATR Inc24.71%
Range Today1.7
ADR(20)1.59
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.89
3 months CRS58.6
6 months CRS29.13
Mansfield-0.89
10 Day High73.92
10 Day Low66.11
20 Day High73.92
20 Day Low66.11
52 Week High85.92
52 Week Low60.7
CS1 End73.38
CR1 Start74.75
Volume & EV
DER(3)0.44%
DER(5)-1.09%
Volume1.05M
Volume Incr59.9%
Vol(5)1.37M
Vol(50)1.03M
SOLVENTUM CORP / SOLV FAQ
Can you provide the ChartMill technical rating for SOLVENTUM CORP?
ChartMill assigns a technical rating of 6 / 10 to SOLV.
What is the trend direction for SOLV stock?
The current trend direction for SOLVENTUM CORP (SOLV) is Bearish.
Can you provide the RSI signal for SOLVENTUM CORP?
SOLVENTUM CORP (SOLV) has an RSI value of 60.4616. This indicates that the stock is currently neutral.
What is the MACD signal for SOLV stock?
The MACD indicator for SOLVENTUM CORP (SOLV) has a value of 0.350032, indicating a bearish trend.