SOLVENTUM CORP (SOLV) Technical Analysis
NYSE:SOLV • US83444M1018
Current stock price
SOLV Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SOLV. SOLV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 82% 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. The S&P500 Index however is trading in the upper part of its 52 week range, so SOLV is lagging the market.
- SOLV is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- SOLV has an average volume of 1286410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SOLV is an average performer in the Health Care Equipment & Supplies industry, it outperforms 49% of 188 stocks in the same industry.
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. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
SOLV Support and Resistance Analysis
62.12
We found 1 important support area.
- A support zone ranging from 62.75 to 62.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @68.67 from a horizontal line in the daily time frame.
- Resistance @74.09 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for SOLV is down. |
| ChartMill Relative Strength | 18.82 | NEGATIVE | SOLV has a low relative strength, it was outperformed by 81.18% 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) | DOWN | NEGATIVE | The current price of SOLV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.96 | NEUTRAL | The RSI value for SOLV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests SOLV has a positive trend. |
| Stochastics (14,3) | 27.25 | NEUTRAL | The Stochastics value for SOLV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLV suggests some volalility. |
| Average Directional Index/ADX (14) | 37.73 | 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
63.57
-0.78 (-1.21%)
SOLVENTUM CORP / SOLV TA FAQ
Can you provide the ChartMill technical rating for SOLVENTUM CORP?
ChartMill assigns a technical rating of 0 / 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 34.9626. 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 0.136286, indicating a bearish trend.
What is the short term momentum for SOLVENTUM CORP (SOLV) stock?
The short term momentum for SOLVENTUM CORP (SOLV) is negative.