NUVALENT INC-A (NUVL) Stock Technical Analysis
USA - NASDAQ:NUVL - US6707031075 - Common Stock
86.48 USD
+1.64 (+1.93%)
86.48 USD
0 (0%)
Taking everything into account, NUVL scores 5 out of 10 in our technical rating. NUVL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, NUVL is a bad performer in the overall market: 76% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NUVL has a been trading in the 75.20 - 86.67 range, which is quite wide. It is currently trading near the high of this range.
NUVL is part of the Biotechnology industry. There are 536 other stocks in this industry, NUVL did better than 45% of them.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NUVL has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
66.62
87.35
When analyzing the support we can see 5 important areas.
- A support zone ranging from 76.67 to 80.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @75.35 from a trend line in the daily time frame.
- Support @74.11 from a horizontal line in the weekly time frame.
- Support @71.43 from a horizontal line in the daily time frame.
- Support @67.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 86.49 to 86.49. 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 | UP | POSITIVE | The short term trend for NUVL is up. |
| ChartMill Relative Strength | 24.1 | NEGATIVE | NUVL has a low relative strength, it was outperformed by 75.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NUVL is above the rising 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) | DOWN | MIXED | The current price of NUVL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.74 | NEUTRAL | The RSI value for NUVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests NUVL has a positive trend. |
| Stochastics (14,3) | 91.36 | OVERBOUGHT | The high Stochastics value suggests NUVL may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for NUVL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.02 | NEGATIVE | The low ADX value for NUVL suggests a weak or negative 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)
86.48
+1.64 (+1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.93%
1 Week6.66%
2 Weeks10.4%
1 Month12.46%
3 Month7.46%
6 Month31.55%
12 Month-17.58%
2 Year88.12%
3 Year344.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.7
ATR(20)%3.96%
ATR Inc50.94%
Range Today2.96
ADR(20)3.36
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.1
Mansfield-0.38
10 Day High86.67
10 Day Low75.2
20 Day High86.67
20 Day Low75.2
52 Week High106.32
52 Week Low55.54
CS1 End80.6
CR1 Start86.49
Volume & EV
DER(3)2.14%
DER(5)1.51%
Volume566.95K
Volume Incr0.19%
Vol(5)412.51K
Vol(50)443.89K