NVE Corporation (NVEC)

NVE Corporation is trading at $116.33, down 3.94% on the session. The 50 day average sits at $106.24 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 56.4, which reads as strong, and MACD is bearish crossover. Volume is below average.

The nearest support is around $114.67 with resistance near $132.42, so that band frames the current range. Average daily movement is roughly $8.46, or about 7.3% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 75, momentum of 64 and a risk score of 12.

NVE Corporation develops and sells devices that use spintronics, a nanotechnology relying on electron spin to acquire, store, and transmit information in the United States. The company manufactures spintronic products, including sensors and couplers for use in sensing and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position, rotation, or speed for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for power conversion, industrial Internet of Things (IIoT), and the Artificial Intelligence of Things (AIoT) markets; DC-to-DC converters for use in energy conversion systems and industrial networks for IIoT and AIoT. Additionally, it undertakes contracts for research and development and licenses spintronic magnetoresistive random access memory technology. The company sells its products through distributors. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.