Technical Analysis for SOLV - Solventum Corporation

Grade Last Price % Change Price Change
F 52.88 3.02% 1.55
SOLV closed up 3.02 percent on Friday, June 28, 2024, on approximately normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Down Flat

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Oversold Stochastic Weakness 0.00%
Slingshot Bearish Bearish Swing Setup 3.02%
Bullish Engulfing Bullish 3.02%
New 52 Week Low Weakness 3.02%
Outside Day Range Expansion 3.02%
Oversold Stochastic Weakness 3.02%
New 52 Week Closing Low Bearish 4.20%
NR7 Range Contraction 4.20%

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Profile

Solventum Corporation Description

Solventum Corporation, a healthcare company, engages in the developing, manufacturing, and commercializing a portfolio of solutions to address critical customer and patient needs. It operates through four segments: Medsurg, Dental Solutions, Health Information Systems, and Purification and Filtration. The Medsurg segment is a provider of solutions including advanced wound care, I.V. site management, sterilization assurance, temperature management, surgical supplies, stethoscopes, and medical electrodes. The Dental Solutions segment provides a comprehensive suite of dental and orthodontic products including brackets, aligners, restorative cements, and bonding agents. The Health Information Systems provides software solutions including computer-assisted, physician documentation, direct-to-bill and coding automation, classification methodologies, speech, recognition, and data visualization platforms. The Purification and Filtration segment provides purification and filtration technologies including filters, purifiers, cartridges, and membranes. The company was incorporated in 2023 and is based in Saint Paul, Minnesota.


Classification

Sector: Healthcare
Industry: Health Information Services
Keywords: S&P 500 Hygiene Membrane Technology Sterilization Water Treatment Water Technology Filtration Site Management Temperature Management Dental Bonding Filtration Technologies Orthodontics Solutions

Is SOLV a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 96.05
52 Week Low 50.49
Average Volume 1,880,002
200-Day Moving Average 0.00
50-Day Moving Average 59.59
20-Day Moving Average 54.45
10-Day Moving Average 52.62
Average True Range 1.71
RSI (14) 37.50
ADX 37.71
+DI 17.59
-DI 26.08
Chandelier Exit (Long, 3 ATRs) 54.99
Chandelier Exit (Short, 3 ATRs) 55.62
Upper Bollinger Bands 58.97
Lower Bollinger Band 49.92
Percent B (%b) 0.33
BandWidth 16.64
MACD Line -2.42
MACD Signal Line -2.43
MACD Histogram 0.0052
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 55.78
Resistance 3 (R3) 55.53 54.32 55.29
Resistance 2 (R2) 54.32 53.58 54.44 55.13
Resistance 1 (R1) 53.60 53.13 53.96 53.85 54.97
Pivot Point 52.39 52.39 52.57 52.51 52.39
Support 1 (S1) 51.67 51.65 52.03 51.92 50.79
Support 2 (S2) 50.46 51.20 50.58 50.63
Support 3 (S3) 49.74 50.46 50.47
Support 4 (S4) 49.99