NOVA MINERALS LTD-ADR (NVA) Stock Technical Analysis
NASDAQ:NVA - ADR
11.325 USD
-0.39 (-3.29%)
11.2501 USD
-0.07 (-0.66%)
Taking everything into account, NVA scores 4 out of 10 in our technical rating. 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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that NVA is one of the better performing stocks in the market, outperforming 87% of all stocks. However, NVA's most recent performance is quite weak.
NVA is part of the Metals & Mining industry. There are 156 other stocks in this industry, NVA did better than 50% of them.
NVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NVA is lagging the market.
In the last month NVA has a been trading in the 9.69 - 13.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, NVA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.22, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NVA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.91
13.09
We found 4 important support areas.
- A support zone ranging from 10.07 to 10.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.91 from a horizontal line in the daily time frame.
- Support @9.39 from a horizontal line in the weekly time frame.
- Support @9.00 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @12.45 from a trend line in the daily time frame.
- Resistance @12.71 from a trend line in the weekly time frame.
- A resistance zone ranging from 12.96 to 12.96. 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 NVA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVA is neutral. |
| ChartMill Relative Strength | 87.01 | POSITIVE | NVA has a high relative strength, it outperformed 87.01% 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 | MIXED | The current price of NVA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NVA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.12 | NEUTRAL | The RSI value for NVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.56 | OVERBOUGHT | The high Stochastics value suggests NVA may be overbought. |
| Average True Range in percent/ATR (20) | 7.06 | HIGH VOLATILITY | The high ATR as a percentage value for NVA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.74 | NEGATIVE | The low ADX value for NVA 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)
11.325
-0.39 (-3.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.29%
1 Week0.58%
2 Weeks14.16%
1 Month-11.94%
3 Month-20.8%
6 Month-3.62%
12 Month88.75%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%7.06%
ATR Inc-6.97%
Range Today0.86
ADR(20)0.78
ADR(20)%6.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.01
Mansfield-0.67
10 Day High12.02
10 Day Low9.89
20 Day High13.4
20 Day Low9.69
52 Week High19
52 Week Low4.91
CS1 End10.22
CR1 Start12.45
Volume & EV
DER(3)6.78%
DER(5)4.25%
Volume33.30K
Volume Incr-65.92%
Vol(5)27.60K
Vol(50)67.88K