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NOVA VISION ACQUISITION (NOVV) Stock Technical Analysis

USA - NASDAQ:NOVV - VGG6759A1003 - Common Stock

37.0001 USD
+24.67 (+200.08%)
Last: 9/13/2024, 8:00:02 PM
Technical Rating and Analysis

7

Overall NOVV gets a technical rating of 7 out of 10. In the last year, NOVV was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

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.
NOVV is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
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.
When comparing the yearly performance of all stocks, we notice that NOVV is one of the better performing stocks in the market, outperforming 99% of all 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.

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Weekly and Daily overview Charts
NOVA VISION ACQUISITION / NOVV Weekly stock chart
NOVA VISION ACQUISITION / NOVV Daily stock chart
Setup Rating and Analysis

1

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.

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Support and Resistance Analysis

36.63

37.37

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for NOVV is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for NOVV is neutral.
ChartMill Relative Strength99.56POSITIVENOVV has a high relative strength, it outperformed 99.56% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of NOVV is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of NOVV is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of NOVV is above the rising SMA(200).
Relative Strength Index/RSI (14)95.37OVERBOUGHTThe high RSI value suggests NOVV may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)1.54POSITIVEThe MACD value suggests NOVV has a positive trend.
Stochastics (14,3)50.78NEUTRALThe Stochastics value for NOVV is a neutral value.
Average True Range in percent/ATR (20)6.92HIGH VOLATILITYThe high ATR as a percentage value for NOVV suggests high volalility.
Average Directional Index/ADX (14)42.85POSITIVEThe high ADX value value for NOVV suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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NOVA VISION ACQUISITION / NOVV Daily stock chart

NOVA VISION ACQUISITION

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
3 months CRSN/A
6 months CRSN/A
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

NOVA VISION ACQUISITION / NOVV FAQ

What is the ChartMill technical rating of NOVA VISION ACQUISITION (NOVV) stock?

ChartMill assigns a technical rating of 7 / 10 to NOVV.


What is the trend direction for NOVV stock?

The current trend direction for NOVA VISION ACQUISITION (NOVV) is Bearish.


Can you provide the RSI signal for NOVA VISION ACQUISITION?

NOVA VISION ACQUISITION (NOVV) has an RSI value of 95.3654. This indicates that the stock is currently overbought.


What is the MACD signal for NOVV stock?

The MACD indicator for NOVA VISION ACQUISITION (NOVV) has a value of 1.54484, indicating a bullish trend.