NBVA Technical Analysis - NUBEVA TECHNOLOGIES LTD

Technical Rating and Analysis

Taking everything into account, NBVA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, NBVA has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

NBVA is part of the Software industry. There are 62 other stocks in this industry. NBVA outperforms 80% of them.

Looking at the yearly performance, NBVA did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

NBVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NBVA is lagging the market.

In the last month NBVA has a been trading in the 0.09 - 0.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NUBEVA TECHNOLOGIES LTD / NBVA Weekly stock chart

NUBEVA TECHNOLOGIES LTD / NBVA Daily stock chart

Setup Rating and Analysis

Although NBVA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.07

0.21

We found 2 important support areas.

A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.07 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 0.21 to 0.21. 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

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for NBVA.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NBVA.CA is up.
ChartMill Relative Strength	80.77	POSITIVE	NBVA.CA has a high relative strength, it outperformed 80.77% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NBVA.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NBVA.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of NBVA.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	56.85	NEUTRAL	The RSI value for NBVA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests NBVA.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	37.31	NEUTRAL	The Stochastics value for NBVA.CA is a neutral value.
Average True Range in percent/ATR (20)	19	HIGH VOLATILITY	The high ATR as a percentage value for NBVA.CA suggests high volalility.
Average Directional Index/ADX (14)	36.48	POSITIVE	The high ADX value value for NBVA.CA suggests a strong trend.