NOVA VISION ACQUISITION (NOVV) Stock Technical Analysis
USA - NASDAQ:NOVV - VGG6759A1003 - Common Stock
37.0001 USD
+24.67 (+200.08%)
We assign a technical rating of 7 out of 10 to NOVV. NOVV has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: NOVV has an average volume of 11614 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
A new 52 week high is currently being made by NOVV, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month NOVV has a been trading in the 11.41 - 55.28 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, NOVV did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NOVV has an excellent technical rating, it 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
36.63
37.37
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 NOVV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NOVV is neutral. |
| ChartMill Relative Strength | 99.56 | POSITIVE | NOVV has a high relative strength, it outperformed 99.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NOVV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NOVV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NOVV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 95.37 | OVERBOUGHT | The high RSI value suggests NOVV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.54 | POSITIVE | The MACD value suggests NOVV has a positive trend. |
| Stochastics (14,3) | 50.78 | NEUTRAL | The Stochastics value for NOVV is a neutral value. |
| Average True Range in percent/ATR (20) | 6.92 | HIGH VOLATILITY | The high ATR as a percentage value for NOVV suggests high volalility. |
| Average Directional Index/ADX (14) | 42.85 | POSITIVE | The high ADX value value for NOVV 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)
NASDAQ:NOVV (9/13/2024, 8:00:02 PM)
37.0001
+24.67 (+200.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg200.08%
1 Week203.28%
2 Weeks208.08%
1 Month200.81%
3 Month208.85%
6 Month223.71%
12 Month259.22%
2 Year262.04%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.42
ATR(20)%6.92%
ATR Inc5118.85%
Range Today37.93
ADR(20)2.19
ADR(20)%5.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.56
Mansfield16.34
10 Day High55.28
10 Day Low11.41
20 Day High55.28
20 Day Low11.41
52 Week High55.28
52 Week Low10.3
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-12.83%
DER(5)-7.7%
Volume205.20K
Volume Incr1535.87%
Vol(5)41.96K
Vol(50)11.61K