NOVA MINERALS LTD-ADR (NVA) Technical Analysis
NASDAQ:NVA
Current stock price
NVA Technical Rating and Analysis
Overall NVA gets a technical rating of 5 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.
- Looking at the yearly performance, NVA did better than 95% of all other stocks. We also observe that the gains produced by NVA over the past year are nicely spread over this period.
- NVA is part of the Metals & Mining industry. There are 158 other stocks in this industry. NVA outperforms 82% of them.
- In the last month NVA has a been trading in the 4.94 - 6.78 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- Considerably lower volume is observed in the last couple of days.
NVA Weekly and Daily overview Charts
NVA Setup Rating and Analysis
NVA has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
NVA Support and Resistance Analysis
5.22
2 important support areas can be observed.
- Support @5.65 from a trend line in the daily time frame.
- A support zone ranging from 5.27 to 5.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @6.27 from a horizontal line in the daily time frame.
- Resistance @8.07 from a trend line in the daily time frame.
- Resistance @10.40 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 | NEUTRAL | NEUTRAL | The short term trend for NVA is neutral. |
| ChartMill Relative Strength | 95.64 | POSITIVE | NVA has a high relative strength, it outperformed 95.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVA is above 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) | 48.16 | NEUTRAL | The RSI value for NVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests NVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.65 | OVERBOUGHT | The high Stochastics value suggests NVA may be overbought. |
| Average True Range in percent/ATR (20) | 7.85 | HIGH VOLATILITY | The high ATR as a percentage value for NVA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.23 | 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
6.08
-0.18 (-2.88%)
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 5 / 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.
Can you provide the RSI signal for NOVA MINERALS LTD-ADR?
NOVA MINERALS LTD-ADR (NVA) has an RSI value of 48.1586. This indicates that the stock is currently neutral.
What is the short term momentum for NOVA MINERALS LTD-ADR (NVA) stock?
The short term momentum for NOVA MINERALS LTD-ADR (NVA) is neutral.
What are the support and resistance levels for NOVA MINERALS LTD-ADR (NVA) stock?
NOVA MINERALS LTD-ADR (NVA) has a support level at 5.65 and a resistance level at 6.27. Check the full technical report for our detailed analysis of NVA support and resistance levels.