Overall NUVL gets a technical rating of 7 out of 10. In the last year, NUVL was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, NUVL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 109.60. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
67.27
When analyzing the support we can see 6 important areas.
- A support zone ranging from 99.94 to 101.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @86.70 from a trend line in the daily time frame.
- Support @82.94 from a trend line in the weekly time frame.
- Support @80.28 from a trend line in the daily time frame.
- Support @71.43 from a horizontal line in the daily time frame.
- Support @67.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 109.60 to 109.86. 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 | UP | POSITIVE | The long term trend for NUVL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NUVL is neutral. |
| ChartMill Relative Strength | 88.15 | POSITIVE | NUVL has a high relative strength, it outperformed 88.15% 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) | UP | POSITIVE | The current price of NUVL is above the rising 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) | 51.2 | NEUTRAL | The RSI value for NUVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.07 | NEGATIVE | The MACD value suggests NUVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.62 | OVERSOLD | The low Stochastics value suggests NUVL may be oversold. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for NUVL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.27 | NEUTRAL | The ADX value for NUVL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 104.36 | 100.41 | 3.95 (3.78%) | 25.00% |
| An entry @104.36. This is a Buy Stop order right above the 10 day moving average. | An exit @100.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.95 points, which is 3.78%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NUVL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
103.8
+2.39 (+2.36%)
NUVALENT INC-A / NUVL FAQ
What is the ChartMill technical rating of NUVALENT INC-A (NUVL) stock?
ChartMill assigns a technical rating of 7 / 10 to NUVL.
What is the current trend direction of NUVALENT INC-A (NUVL) stock?
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 51.2044. This indicates that the stock is currently neutral.
What is the MACD signal for NUVALENT INC-A (NUVL) stock?
The MACD indicator for NUVALENT INC-A (NUVL) has a value of -1.07364, indicating a bearish trend.
Can you provide the short term momentum for NUVALENT INC-A?
The short term momentum for NUVALENT INC-A (NUVL) is neutral.