NANOVIRICIDES INC (NNVC) Stock Technical Analysis
NYSEARCA:NNVC - NYSE Arca - US6300873022 - Common Stock - Currency: USD
Overall NNVC gets a technical rating of 6 out of 10. NNVC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, NNVC is a bad performer in the overall market: 79% of all stocks are doing better.
NNVC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NNVC is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NNVC has a been trading in the 1.20 - 1.79 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NNVC is part of the Biotechnology industry. There are 561 other stocks in this industry, NNVC did better than 66% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NNVC has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.08
1.81
When analyzing the support we can see 2 important areas.
- Support @1.11 from a horizontal line in the weekly time frame.
- Support @1.09 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for NNVC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NNVC is up. |
| ChartMill Relative Strength | 21.79 | NEGATIVE | NNVC has a low relative strength, it was outperformed by 78.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NNVC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NNVC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NNVC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.68 | OVERBOUGHT | The high RSI value suggests NNVC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NNVC has a positive trend. |
| Stochastics (14,3) | 77.24 | NEUTRAL | The Stochastics value for NNVC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for NNVC suggests high volalility. |
| Average Directional Index/ADX (14) | 27.24 | POSITIVE | The high ADX value value for NNVC suggests a strong trend. |
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)
1.79
+0.31 (+20.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg20.95%
1 Week26.95%
2 Weeks35.61%
1 Month26.06%
3 Month19.33%
6 Month33.58%
12 Month-19.73%
2 Year70.48%
3 Year-10.5%
5 Year-76.2%
10 Year-94.23%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.54%
ATR Inc96.5%
Range Today0.36
ADR(20)0.11
ADR(20)%6.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.79
Mansfield1.25
10 Day High1.79
10 Day Low1.24
20 Day High1.79
20 Day Low1.2
52 Week High3.59
52 Week Low0.94
CS1 End1.11
CR1 Start1.5
Volume & EV
DER(3)3.04%
DER(5)-1.51%
Volume968.87K
Volume Incr221.82%
Vol(5)327.05K
Vol(50)134.55K