We assign a technical rating of 0 out of 10 to NNVC. NNVC'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.
Although the technical rating is bad, NNVC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.07
When analyzing the support we can see 2 important areas.
- Support @1.23 from a trend line in the weekly time frame.
- A support zone ranging from 1.08 to 1.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.24 to 1.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.77 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 | 17.98 | NEGATIVE | NNVC has a low relative strength, it was outperformed by 82.02% 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) | 45.3 | NEUTRAL | The RSI value for NNVC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NNVC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.1 | NEUTRAL | The Stochastics value for NNVC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.5 | HIGH VOLATILITY | The high ATR as a percentage value for NNVC suggests high volalility. |
| Average Directional Index/ADX (14) | 16.05 | NEGATIVE | The low ADX value for NNVC suggests a weak or negative trend. |
1.24
+0.03 (+2.48%)
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 45.2977. 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 1.23 and a resistance level at 1.24. Check the full technical report for our detailed analysis of NNVC support and resistance levels.