NUVALENT INC-A (NUVL) Technical Analysis
NASDAQ:NUVL • US6707031075
Overall NUVL gets a technical rating of 3 out of 10. In the last year, NUVL was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month NUVL has a been trading in the 97.24 - 107.59 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that NUVL is one of the better performing stocks in the market, outperforming 77% of all stocks.
- NUVL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NUVL is performing more or less in line with the market.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- NUVL is an average performer in the Biotechnology industry, it outperforms 62% of 520 stocks in the same industry.
NUVL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 99.40, a Stop Loss order could be placed below this zone.
More info and screens
67.91
3 important support areas can be observed.
- A support zone ranging from 99.40 to 99.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.06 from a trend line in the weekly time frame.
- Support @68.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 100.27 to 103.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 108.00 to 109.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @111.99 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for NUVL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NUVL is down. |
| ChartMill Relative Strength | 77.54 | POSITIVE | NUVL has a high relative strength, it outperformed 77.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NUVL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NUVL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NUVL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.18 | NEUTRAL | The RSI value for NUVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests NUVL has a negative trend. |
| Stochastics (14,3) | 33.78 | NEUTRAL | The Stochastics value for NUVL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for NUVL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.14 | NEGATIVE | The low ADX value for NUVL suggests a weak or negative trend. |
NUVL Technicals: Chart, Performance Metrics, Trend & Indicators
99.41
-0.72 (-0.72%)
NUVALENT INC-A / NUVL FAQ
What is the ChartMill technical rating of NUVALENT INC-A (NUVL) stock?
ChartMill assigns a technical rating of 3 / 10 to NUVL.
Can you provide the trend direction for NUVALENT INC-A?
The current trend direction for NUVALENT INC-A (NUVL) is Bullish.
What is the RSI signal for NUVL stock?
NUVALENT INC-A (NUVL) has an RSI value of 43.1764. This indicates that the stock is currently neutral.
What is the short term momentum for NUVL stock?
The short term momentum for NUVALENT INC-A (NUVL) is negative.
Can you provide the support and resistance levels for NUVALENT INC-A?
NUVALENT INC-A (NUVL) has a support level at 99.4 and a resistance level at 100.27. Check the full technical report for our detailed analysis of NUVL support and resistance levels.