NOVA MINERALS LTD-ADR (NVA) Technical Analysis
NASDAQ:NVA
Current stock price
NVA Technical Rating and Analysis
Overall NVA gets a technical rating of 2 out of 10. Although NVA 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.
- In the last month NVA has a been trading in the 6.02 - 8.59 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that NVA is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- NVA is an average performer in the Metals & Mining industry, it outperforms 67% of 157 stocks in the same industry.
- NVA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVA is lagging the market slightly.
NVA Weekly and Daily overview Charts
NVA Setup Rating and Analysis
The technical rating of NVA is bad and it also does not present a quality setup 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
NVA Support and Resistance Analysis
6.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.20 to 6.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.08 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.99 to 7.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.73 from a trend line in the daily time frame.
- Resistance @9.11 from a trend line in the daily time frame.
- Resistance @10.60 from a trend line in the weekly time frame.
- Resistance @11.13 from a horizontal line in the daily time frame.
NVA Technical Indicator Signal Analysis
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 NVA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVA is down. |
| ChartMill Relative Strength | 94.74 | POSITIVE | NVA has a high relative strength, it outperformed 94.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.74 | NEUTRAL | The RSI value for NVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NVA has a negative trend. |
| Stochastics (14,3) | 18.67 | OVERSOLD | The low Stochastics value suggests NVA may be oversold. |
| Average True Range in percent/ATR (20) | 9.53 | HIGH VOLATILITY | The high ATR as a percentage value for NVA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.08 | NEGATIVE | The low ADX value for NVA suggests a weak or negative trend. |
NVA Chart- and CandleStick Pattern Analysis
NVA Technicals: Chart, Performance Metrics, Trend & Indicators
6.21
-0.23 (-3.57%)
NOVA MINERALS LTD-ADR / NVA TA FAQ
What is the ChartMill technical rating of NOVA MINERALS LTD-ADR (NVA) stock?
ChartMill assigns a technical rating of 2 / 10 to NVA.
What is the current trend direction of NOVA MINERALS LTD-ADR (NVA) stock?
The current trend direction for NOVA MINERALS LTD-ADR (NVA) is Bearish.
What is the RSI signal for NOVA MINERALS LTD-ADR (NVA) stock?
NOVA MINERALS LTD-ADR (NVA) has an RSI value of 38.7351. This indicates that the stock is currently neutral.
What is the MACD signal for NVA stock?
The MACD indicator for NOVA MINERALS LTD-ADR (NVA) has a value of -0.0550261, indicating a bearish trend.
What is the short term momentum for NOVA MINERALS LTD-ADR (NVA) stock?
The short term momentum for NOVA MINERALS LTD-ADR (NVA) is negative.