The Hourly View for NDSN
Currently, NDSN (Get Ratings)’s price is up $0.35 (0.17%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NDSN has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
NDSN ranks 71st in terms of today’s price percentage change out of Machinery stocks.
NDSN’s Technical Outlook on the Daily Chart
Currently, NDSN’s price is down $-1.14 (-0.56%) from the day prior. This is the 2nd day in a row NDSN has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Nordson Corp’s price action over the past 90 days can be seen via the chart below.
For NDSN News Traders
News traders keeping an eye on NDSN may find value in this recent story:
Nordson (NDSN) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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