NUVASIVE INC (NUVA) Stock Technical Analysis
NASDAQ:NUVA - Nasdaq - US6707041058 - Common Stock - Currency: USD
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.
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 comparing the performance of all stocks over the past year, NUVA turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
NUVA is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, NUVA did better than 67% of them.
NUVA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NUVA is lagging the market slightly.
Volume is considerably higher in the last couple of days.
NUVA has a bad technical rating, but it does show a decent setup pattern. 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.
More info and screens
35.31
44.67
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice 3 important 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.
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 NUVA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NUVA is neutral. |
| ChartMill Relative Strength | 43.5 | NEUTRAL | NUVA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NUVA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NUVA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NUVA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.46 | NEUTRAL | The RSI value for NUVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests NUVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.94 | NEUTRAL | The Stochastics value for NUVA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for NUVA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.63 | POSITIVE | The high ADX value value for NUVA 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)
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 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%3.16%
ATR Inc28.56%
Range Today1.49
ADR(20)N/A
ADR(20)%N/A
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
CS1 End39.5
CR1 Start41.59
Volume & EV
DER(3)2.6%
DER(5)2.56%
Volume31.37M
Volume Incr1249.99%
Vol(5)10.68M
Vol(50)1.64M