NOVO-NORDISK A/S-SPONS ADR (NVO)
US6701002056 - ADR
We assign a technical rating of 7 out of 10 to NVO. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month NVO has a been trading in the 121.29 - 130.46 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
When comparing the yearly performance of all stocks, we notice that NVO is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by NVO over the past year are nicely spread over this period.
NVO is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 74% of 198 stocks in the same industry.
NVO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVO is lagging the market slightly.
NVO has an average volume of 4809730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Besides having an excellent technical rating, NVO also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 123.96, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
103.34
137.29
We found 4 important support areas.
- A support zone ranging from 122.71 to 123.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.06 to 119.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @115.91 from a trend line in the daily time frame.
- Support @104.38 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 125.29 to 128.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @135.93 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.01
Mansfield1.04
10 Day High130.46
10 Day Low121.29
20 Day High130.46
20 Day Low121.29
52 Week High138.28
52 Week Low75.56
Performance
1 Week-1.8%
2 Weeks-0.53%
1 Month-2.25%
3 Month2.8%
6 Month23.12%
12 Month45.49%
2 Year125.71%
3 Year215.82%
5 Year427.92%
10 Year489.36%
15 Year2292.28%
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)-0.13
RSI(14)46.89
LBB121.45
UBB129.8
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 |
|---|---|---|---|
| 128.69 | 122.70 | 5.99 (4.65%) | 21.48% |
| An entry @128.69. This is a Buy Stop order right above the resistance zone. | An exit @122.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.99 points, which is 4.65%. | When investing 21.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NOVO-NORDISK A/S-SPONS ADR
NYSE:NVO (5/6/2024, 7:18:20 PM)
After market: 124.2 -0.39 (-0.31%)124.59
+1.54 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.25%
1 Week-1.8%
2 Weeks-0.53%
1 Month-2.25%
3 Month2.8%
6 Month23.12%
12 Month45.49%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.87
ATR(20)%2.2%
ATR Inc
Range Today2.86
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 High130.46
10 Day Low121.29
20 Day High130.46
20 Day Low121.29
52 Week High138.28
52 Week Low75.56
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.64M
Volume Incr81.68%
Vol(5)6.22M
Vol(50)4.81M