SOLVENTUM CORP (SOLV) Stock Technical Analysis
USA - NYSE:SOLV - US83444M1018 - Common Stock
Taking everything into account, SOLV scores 7 out of 10 in our technical rating. In the last year, SOLV was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although SOLV has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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2 important support areas can be observed.
- A support zone ranging from 71.26 to 73.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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 | 70.4 | POSITIVE | SOLV has a high relative strength, it outperformed 70.4% 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) | 65.27 | NEUTRAL | The RSI value for SOLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests SOLV has a positive trend. |
| Stochastics (14,3) | 92.33 | OVERBOUGHT | The high Stochastics value suggests SOLV may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
| Average Directional Index/ADX (14) | 19.31 | NEGATIVE | The low ADX value for SOLV suggests a weak or negative trend. |
75.66
+0.44 (+0.58%)
SOLVENTUM CORP / SOLV FAQ
Can you provide the ChartMill technical rating for SOLVENTUM CORP?
ChartMill assigns a technical rating of 7 / 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 65.2681. 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 0.78527, indicating a bearish trend.