NANOVIRICIDES INC (NNVC) Technical Analysis
NYSEARCA:NNVC • US6300873022
Current stock price
NNVC Technical Rating and Analysis
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: 70% of all stocks are doing better.
- NNVC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NNVC is an average performer in the Biotechnology industry, it outperforms 43% of 516 stocks in the same industry.
- In the last month NNVC has a been trading in the 0.87 - 1.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NNVC Weekly and Daily overview Charts
NNVC Setup Rating and Analysis
NNVC has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
NNVC Support and Resistance Analysis
0.84
We found 1 important support area.
- Support @0.85 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.38 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.57 from a trend line in the weekly time frame.
- Resistance @1.70 from a trend line in the weekly time frame.
- Resistance @1.79 from a horizontal line in the weekly time frame.
NNVC 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 | 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 | 30.36 | NEUTRAL | NNVC is not amongst the best or worst performers 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 | NEGATIVE | The current price of NNVC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.98 | NEUTRAL | The RSI value for NNVC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NNVC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.3 | NEUTRAL | The Stochastics value for NNVC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.24 | HIGH VOLATILITY | The high ATR as a percentage value for NNVC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.65 | NEUTRAL | The ADX value for NNVC suggests a possible start of a new trend. |
NNVC Chart- and CandleStick Pattern Analysis
NNVC Technicals: Chart, Performance Metrics, Trend & Indicators
1.26
-0.02 (-1.56%)
NANOVIRICIDES INC / NNVC TA FAQ
What is the technical rating for NNVC stock?
ChartMill assigns a technical rating of 6 / 10 to NNVC.
Can you provide the trend direction for NANOVIRICIDES INC?
The current trend direction for NANOVIRICIDES INC (NNVC) is Bearish.
What is the RSI signal for NANOVIRICIDES INC (NNVC) stock?
NANOVIRICIDES INC (NNVC) has an RSI value of 61.9792. This indicates that the stock is currently neutral.
What is the short term momentum for NNVC stock?
The short term momentum for NANOVIRICIDES INC (NNVC) is positive.
Can you provide the support and resistance levels for NANOVIRICIDES INC?
NANOVIRICIDES INC (NNVC) has a support level at 0.85 and a resistance level at 1.38. Check the full technical report for our detailed analysis of NNVC support and resistance levels.