NOVA MINERALS LTD-ADR (NVA) Stock Technical Analysis
NASDAQ:NVA
We assign a technical rating of 2 out of 10 to NVA. 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 6.23 - 11.39 range, which is quite wide. It is currently trading near the lows of this range.
- NVA has an average volume of 1062890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, NVA did better than 96% of all other 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 60% of 156 stocks in the same industry.
- 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.
NVA has a poor technical rating and the quality of the setup is also only medium 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
6.02
3 important support areas can be observed.
- A support zone ranging from 6.39 to 6.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.28 from a horizontal line in the daily time frame.
- Support @6.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.70 from a trend line in the weekly time frame.
- Resistance @11.13 from a horizontal line in the daily time frame.
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 | 96.25 | POSITIVE | NVA has a high relative strength, it outperformed 96.25% 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) | 45.51 | NEUTRAL | The RSI value for NVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests NVA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.59 | NEUTRAL | The Stochastics value for NVA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.99 | HIGH VOLATILITY | The high ATR as a percentage value for NVA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.3 | NEGATIVE | The low ADX value for NVA suggests a weak or negative trend. |
7.27
+0.24 (+3.41%)
NOVA MINERALS LTD-ADR / NVA 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 45.5051. 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 -0.109746, 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.