NOVA VISION ACQUISITION (NOVV)
VGG6759A1003 - Common Stock
We assign a technical rating of 8 out of 10 to NOVV. Although NOVV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: NOVV has an average volume of 8210 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
NOVV is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NOVV is leading the market.
When comparing the performance of all stocks over the past year, NOVV turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
In the last month NOVV has a been trading in a tight range between 11.44 and 11.88.
NOVV has an excellent technical rating, but the quality of the setup is only medium 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
10.99
12.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.38 to 11.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.90 to 11.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.65
Mansfield-0.81
10 Day High11.88
10 Day Low11.5
20 Day High11.88
20 Day Low11.44
52 Week High11.98
52 Week Low10.04
Performance
1 Week-0.25%
2 Weeks0.59%
1 Month3.04%
3 Month4.22%
6 Month9.72%
12 Month17.91%
2 Year18.26%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)63.07
LBB11.44
UBB12.05
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.92 | 11.49 | 0.43 (3.61%) | 25.00% |
| An entry @11.92. This is a Buy Stop order right above the resistance zone. | An exit @11.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.43 points, which is 3.61%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.90%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NOVA VISION ACQUISITION
NASDAQ:NOVV (5/3/2024, 7:09:00 PM)
11.85
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.25%
2 Weeks0.59%
1 Month3.04%
3 Month4.22%
6 Month9.72%
12 Month17.91%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.08
ATR(20)%0.51%
ATR Inc
Range Today0
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High11.88
10 Day Low11.5
20 Day High11.88
20 Day Low11.44
52 Week High11.98
52 Week Low10.04
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume18.00K
Volume Incr6.35%
Vol(5)6.36K
Vol(50)8.21K