NUVASIVE INC (NUVA)

US6707041058 - Common Stock

39.75  -0.91 (-2.24%)

After market: 39.88 +0.13 (+0.33%)

Technical Rating and Analysis

2

Taking everything into account, NUVA scores 2 out of 10 in our technical rating. NUVA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

NUVA is part of the Health Care Equipment & Supplies industry. There are 193 other stocks in this industry. NUVA outperforms 70% of them.
In the last month NUVA has a been trading in the 37.93 - 41.46 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NUVA has an average volume of 1638100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, NUVA outperforms 43% of them, which is more or less in line with the market.
NUVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NUVA is lagging the market.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
NUVA Weekly chart
NUVA Daily chart
Setup Rating and Analysis

6

Although the technical rating is bad, NUVA does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 39.50, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

35.31

44.67

We found 3 important support areas.

  • A support zone ranging from 39.18 to 39.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @36.81 from a horizontal line in the daily time frame.
  • A support zone ranging from 35.67 to 36.17. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

  • Resistance @41.59 from a trend line in the weekly time frame.
  • Resistance @42.32 from a trend line in the daily time frame.
  • A resistance zone ranging from 43.04 to 44.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.5
Mansfield-1.38
10 Day High41.46
10 Day Low37.93
20 Day High41.46
20 Day Low37.93
52 Week High49.53
52 Week Low35.17
Performance
1 Week4.28%
2 Weeks3.57%
1 Month-0.62%
3 Month0.84%
6 Month-10.11%
12 Month-8.3%
2 YearN/A
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)0.18
RSI(14)48.46
LBB38.01
UBB40.88
NUVA Daily chart

NUVASIVE INC

NASDAQ:NUVA (8/31/2023, 7:10:26 PM)

After market: 39.88 +0.13 (+0.33%)

39.75

-0.91 (-2.24%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.24%
1 Week4.28%
2 Weeks3.57%
1 Month-0.62%
3 Month0.84%
6 Month-10.11%
12 Month-8.3%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.24
ATR(20)%3.16%
ATR Inc
Range Today1.49
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 High41.46
10 Day Low37.93
20 Day High41.46
20 Day Low37.93
52 Week High49.53
52 Week Low35.17
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume31.37M
Volume Incr1249.99%
Vol(5)10.68M
Vol(50)1.64M