SOLVENTUM CORP (SOLV)
US83444M1018 - Common Stock
Overall SOLV gets a technical rating of 7 out of 10. Although SOLV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, SOLV is a bad performer in the overall market: 100% of all stocks are doing better.
SOLV is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 95% of 188 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
SOLV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
SOLV has an average volume of 1131190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SOLV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 72.16, a Stop Loss order could be placed below this zone.
More info and screens
65.63
74.42
2 important support areas can be observed.
- A support zone ranging from 71.56 to 72.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 72.34 to 73.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High76.05
10 Day Low71.33
20 Day High76.05
20 Day Low66.71
52 Week HighN/A
52 Week LowN/A
Performance
1 Week-1.62%
2 Weeks-1.27%
1 Month8.87%
3 Month19.11%
6 Month13.23%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.18
RSI(14)57.16
LBB71.62
UBB74.04
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 73.69 | 71.55 | 2.14 (2.90%) | 25.00% |
| An entry @73.69. This is a Buy Stop order right above the resistance zone. | An exit @71.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.14 points, which is 2.90%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SOLV. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SOLVENTUM CORP
NYSE:SOLV (11/4/2024, 8:04:01 PM)
After market: 72.1 -0.07 (-0.1%)72.17
-0.29 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.4%
1 Week-1.62%
2 Weeks-1.27%
1 Month8.87%
3 Month19.11%
6 Month13.23%
12 MonthN/A
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.52
ATR(20)%2.16%
ATR Inc
Range Today1.72
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High76.05
10 Day Low71.33
20 Day High76.05
20 Day Low66.71
52 Week HighN/A
52 Week LowN/A
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume781.30K
Volume Incr-23.56%
Vol(5)711.32K
Vol(50)1.13M