NUVATION BIO INC (NUVB) Stock Technical Analysis
NYSE:NUVB • US67080N1019
Taking everything into account, NUVB scores 4 out of 10 in our technical rating. Although NUVB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, NUVB did better than 95% of all other stocks.
- NUVB is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 86% of 192 stocks in the same industry.
- NUVB has an average volume of 5537820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- NUVB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NUVB is lagging the market.
- In the last month NUVB has a been trading in the 5.12 - 6.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, NUVB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.54, a Stop Loss order could be placed below this zone.
More info and screens
5.18
2 important support areas can be observed.
- Support @5.54 from a trend line in the daily time frame.
- A support zone ranging from 5.23 to 5.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 5.81 to 5.90. 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 NUVB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NUVB is down. |
| ChartMill Relative Strength | 95.22 | POSITIVE | NUVB has a high relative strength, it outperformed 95.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NUVB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NUVB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NUVB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.78 | NEUTRAL | The RSI value for NUVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests NUVB has a positive trend. |
| Stochastics (14,3) | 40.69 | NEUTRAL | The Stochastics value for NUVB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for NUVB suggests high volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for NUVB suggests a strong trend. |
5.8
+0.24 (+4.32%)
NUVATION BIO INC / NUVB FAQ
What is the ChartMill technical rating of NUVATION BIO INC (NUVB) stock?
ChartMill assigns a technical rating of 4 / 10 to NUVB.
Can you provide the trend direction for NUVATION BIO INC?
The current trend direction for NUVATION BIO INC (NUVB) is Bearish.
What is the RSI signal for NUVATION BIO INC (NUVB) stock?
NUVATION BIO INC (NUVB) has an RSI value of 46.7761. This indicates that the stock is currently neutral.
What is the support and resistance level for NUVB stock?
NUVATION BIO INC (NUVB) has a support level at 5.54 and a resistance level at 5.81. Check the full technical report for our detailed analysis of NUVB support and resistance levels.