NOVAVAX INC (NVAX) Stock Technical Analysis
NASDAQ:NVAX - Nasdaq - US6700024010 - Common Stock - Currency: USD
Taking everything into account, NVAX scores 1 out of 10 in our technical rating. NVAX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, NVAX is a bad performer in the overall market: 89% of all stocks are doing better.
NVAX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVAX is lagging the market.
In the last month NVAX has a been trading in the 6.36 - 8.46 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
NVAX has an average volume of 5613120 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.
NVAX is part of the Biotechnology industry. There are 553 other stocks in this industry, NVAX did better than 45% of them.
The technical rating of NVAX 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
5.79
7.82
We found 3 important support areas.
- A support zone ranging from 6.45 to 6.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.29 from a horizontal line in the daily time frame.
- Support @5.85 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.92 to 7.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.48 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.68 to 7.74. This zone is formed by a combination of multiple trend lines 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 NVAX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVAX is down. |
| ChartMill Relative Strength | 11.53 | NEGATIVE | NVAX has a low relative strength, it was outperformed by 88.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVAX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.82 | NEUTRAL | The RSI value for NVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests NVAX has a negative trend. |
| Stochastics (14,3) | 6.22 | OVERSOLD | The low Stochastics value suggests NVAX may be oversold. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for NVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.26 | NEGATIVE | The low ADX value for NVAX 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)
6.56
-0.09 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.35%
1 Week-12.18%
2 Weeks-6.29%
1 Month-3.53%
3 Month2.34%
6 Month-24.51%
12 Month-44.31%
2 Year-18%
3 Year-80.15%
5 Year-94.05%
10 Year-96.95%
15 Year-83.68%
Volatility
ATR(14)0.36
ATR(20)%5.11%
ATR Inc-21.15%
Range Today0.25
ADR(20)0.32
ADR(20)%4.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.53
Mansfield-2.96
10 Day High8.46
10 Day Low6.36
20 Day High8.46
20 Day Low6.36
52 Week High15.22
52 Week Low5.01
CS1 End6.52
CR1 Start6.92
Volume & EV
DER(3)0.77%
DER(5)0.24%
Volume5.43M
Volume Incr-5.19%
Vol(5)4.73M
Vol(50)5.61M