NUVALENT INC-A (NUVL) Stock Technical Analysis
NASDAQ:NUVL - Nasdaq - US6707031075 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to NUVL. NUVL 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.
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, NUVL outperforms 55% of them, which is more or less in line with the market.
NUVL is an average performer in the Biotechnology industry, it outperforms 63% of 550 stocks in the same industry.
NUVL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NUVL is lagging the market.
In the last month NUVL has a been trading in the 71.13 - 86.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NUVL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 77.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 72.93, a Stop Loss order could be placed below this zone.
More info and screens
65.08
85.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 71.43 to 72.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @66.87 from a trend line in the weekly time frame.
- Support @65.74 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 77.64 to 78.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.11 from a trend line in the weekly time frame.
- A resistance zone ranging from 83.40 to 84.27. 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 NUVL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NUVL is neutral. |
| ChartMill Relative Strength | 55.85 | NEUTRAL | NUVL is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of NUVL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.26 | NEUTRAL | The RSI value for NUVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests NUVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.23 | NEUTRAL | The Stochastics value for NUVL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for NUVL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.46 | NEUTRAL | The ADX value for NUVL suggests a possible start of a new 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)
76.8
-1.44 (-1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.84%
1 Week6.43%
2 Weeks-1.98%
1 Month-10.37%
3 Month4.75%
6 Month-1.45%
12 Month7.32%
2 Year68.53%
3 Year354.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.01
ATR(20)%4.07%
ATR Inc-20.41%
Range Today2.7
ADR(20)3.09
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.85
Mansfield-1.55
10 Day High80.15
10 Day Low71.13
20 Day High86.49
20 Day Low71.13
52 Week High113.51
52 Week Low55.54
CS1 End72.93
CR1 Start77.64
Volume & EV
DER(3)1.62%
DER(5)-1.26%
Volume250.80K
Volume Incr0.55%
Vol(5)498.34K
Vol(50)525.65K