NOVA MINERALS LTD -29 (NVAWW) Stock Technical Analysis
NASDAQ:NVAWW - Nasdaq - - Currency: USD
Overall NVAWW gets a technical rating of 6 out of 10. Although NVAWW is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, NVAWW is a bad performer in the overall market: 100% of all stocks are doing better.
Warning: NVAWW has an average volume of 3220 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month NVAWW has a been trading in the 5.00 - 8.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, NVAWW does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.34. Right above this resistance zone may be a good entry point.
More info and screens
4.20
7.51
We found 3 important support areas.
- A support zone ranging from 6.49 to 6.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.25 to 5.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.24 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.34 to 7.44. 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 | UP | POSITIVE | The long term trend for NVAWW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVAWW is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | NVAWW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVAWW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVAWW is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.49 | NEUTRAL | The RSI value for NVAWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NVAWW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.11 | NEUTRAL | The Stochastics value for NVAWW is a neutral value. |
| Average True Range in percent/ATR (20) | 14.08 | HIGH VOLATILITY | The high ATR as a percentage value for NVAWW suggests high volalility. |
| Average Directional Index/ADX (14) | 23.53 | NEUTRAL | The ADX value for NVAWW suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.45 | 6.48 | 0.97 (13.02%) | 7.68% |
| An entry @7.45. This is a Buy Stop order right above the resistance zone. | An exit @6.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.97 points, which is 13.02%. | For a 1.00% total portfolio risk, you can invest 7.68% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NVAWW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:NVAWW (6/23/2025, 8:00:02 PM)
6.5
+1 (+18.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg18.18%
1 Week-11.32%
2 Weeks14.04%
1 Month23.81%
3 Month62.5%
6 Month74.73%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%14.08%
ATR Inc11.79%
Range Today0
ADR(20)0.67
ADR(20)%10.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High8
10 Day Low5.44
20 Day High8
20 Day Low5
52 Week HighN/A
52 Week LowN/A
CS1 End6.49
CR1 Start7.34
Volume & EV
DER(3)-23%
DER(5)-18.82%
Volume1.10K
Volume Incr-39.33%
Vol(5)2.36K
Vol(50)3.22K