Taking everything into account, NNVC scores 0 out of 10 in our technical rating. NNVC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of NNVC is bad and it also does not present a 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
1.06
We found 1 important support area.
- Support @1.07 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.11 to 1.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @1.80 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 | DOWN | NEGATIVE | The long term trend for NNVC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NNVC is down. |
| ChartMill Relative Strength | 11.91 | NEGATIVE | NNVC has a low relative strength, it was outperformed by 88.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NNVC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NNVC is below a declining 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) | 35.89 | NEUTRAL | The RSI value for NNVC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NNVC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.88 | OVERSOLD | The low Stochastics value suggests NNVC may be oversold. |
| Average True Range in percent/ATR (20) | 14.22 | HIGH VOLATILITY | The high ATR as a percentage value for NNVC suggests high volalility. |
| Average Directional Index/ADX (14) | 28.16 | POSITIVE | The high ADX value value for NNVC suggests a strong trend. |
1.11
+0.02 (+1.83%)
NANOVIRICIDES INC / NNVC FAQ
What is the technical rating for NNVC stock?
ChartMill assigns a technical rating of 0 / 10 to NNVC.
What is the current trend direction of NANOVIRICIDES INC (NNVC) stock?
The current trend direction for NANOVIRICIDES INC (NNVC) is Bearish.
What is the RSI signal for NNVC stock?
NANOVIRICIDES INC (NNVC) has an RSI value of 35.8936. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NANOVIRICIDES INC?
The short term momentum for NANOVIRICIDES INC (NNVC) is negative.
What are the support and resistance levels for NANOVIRICIDES INC (NNVC) stock?
NANOVIRICIDES INC (NNVC) has a support level at 1.07 and a resistance level at 1.11. Check the full technical report for our detailed analysis of NNVC support and resistance levels.