SOLVENTUM CORP (SOLV) Technical Analysis
NYSE:SOLV • US83444M1018
Current stock price
SOLV Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to SOLV. SOLV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 78% of all other stocks performed better in the past year than SOLV.
- SOLV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- SOLV has an average volume of 1339910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SOLV is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, SOLV did better than 56% of them.
- In the last month SOLV has a been trading in the 62.38 - 69.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOLV Weekly and Daily overview Charts
SOLV Setup Rating and Analysis
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 67.42. Right above this resistance zone may be a good entry point.
More info and screens
SOLV Support and Resistance Analysis
61.87
We found 1 important support area.
- A support zone ranging from 62.49 to 63.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 67.42 to 67.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
SOLV Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for SOLV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOLV is neutral. |
| ChartMill Relative Strength | 22.22 | NEGATIVE | SOLV has a low relative strength, it was outperformed by 77.78% 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) | DOWN | NEGATIVE | The current price of SOLV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOLV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.37 | NEUTRAL | The RSI value for SOLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests SOLV has a positive trend. |
| Stochastics (14,3) | 80.43 | OVERBOUGHT | The high Stochastics value suggests SOLV may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
| Average Directional Index/ADX (14) | 29.72 | POSITIVE | The high ADX value value for SOLV suggests a strong trend. |
SOLV Chart- and CandleStick Pattern Analysis
SOLV Technicals: Chart, Performance Metrics, Trend & Indicators
67.41
+1.62 (+2.46%)
SOLVENTUM CORP / SOLV TA FAQ
Can you provide the ChartMill technical rating for SOLVENTUM CORP?
ChartMill assigns a technical rating of 1 / 10 to SOLV.
What is the current trend direction of SOLVENTUM CORP (SOLV) stock?
The current trend direction for SOLVENTUM CORP (SOLV) is Bearish.
What is the RSI signal for SOLV stock?
SOLVENTUM CORP (SOLV) has an RSI value of 52.3712. This indicates that the stock is currently neutral.
What is the MACD signal for SOLVENTUM CORP (SOLV) stock?
The MACD indicator for SOLVENTUM CORP (SOLV) has a value of 0.678204, indicating a bearish trend.
What is the short term momentum for SOLVENTUM CORP (SOLV) stock?
The short term momentum for SOLVENTUM CORP (SOLV) is neutral.