NAOV Technical Analysis - NANOVIBRONIX INC

Technical Rating and Analysis

Overall NAOV gets a technical rating of 1 out of 10. NAOV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, NAOV is a bad performer in the overall market: 100% of all stocks are doing better.

NAOV is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 90% of 191 stocks in the same industry do better.

NAOV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month NAOV has a been trading in the 5.09 - 17.40 range, which is quite wide. It is currently trading near the lows of this range.

NAOV has an average volume of 1301650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NANOVIBRONIX INC / NAOV Weekly stock chart

NANOVIBRONIX INC / NAOV Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, NAOV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 5.72, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.57

6.34

We found 1 important support area.

A support zone ranging from 5.63 to 5.72. This zone is formed by a combination of multiple trend lines in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 6.15 to 6.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for NAOV is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NAOV is down.
ChartMill Relative Strength	0.06	NEGATIVE	NAOV has a low relative strength, it was outperformed by 99.94% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of NAOV is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NAOV is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NAOV is below a declining SMA(200).
Relative Strength Index/RSI (14)	30.31	NEUTRAL	The RSI value for NAOV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.65	POSITIVE	The MACD value suggests NAOV has a positive trend, although the MACD value is declining.
Stochastics (14,3)	9.59	OVERSOLD	The low Stochastics value suggests NAOV may be oversold.
Average True Range in percent/ATR (20)	19.85	HIGH VOLATILITY	The high ATR as a percentage value for NAOV suggests high volalility.
Average Directional Index/ADX (14)	26.66	POSITIVE	The high ADX value value for NAOV suggests a strong trend.