NOVAVAX INC (NVAX) Stock Technical Analysis
NASDAQ:NVAX - Nasdaq - US6700024010 - Common Stock - Currency: USD
Overall NVAX gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NVAX was also a bad performer in the overall market in the last year.
87% of all other stocks performed better in the past year than NVAX.
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NVAX has an average volume of 9076960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NVAX is an average performer in the Biotechnology industry, it outperforms 52% of 561 stocks in the same industry.
In the last month NVAX has a been trading in the 5.80 - 8.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NVAX 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
7.83
When analyzing the support we notice one important area.
- Support @6.08 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @7.61 from a trend line in the daily time frame.
- Resistance @7.75 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 NVAX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVAX is up. |
| ChartMill Relative Strength | 13.3 | NEGATIVE | NVAX has a low relative strength, it was outperformed by 86.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NVAX is above 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) | 56.31 | NEUTRAL | The RSI value for NVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests NVAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.35 | NEUTRAL | The Stochastics value for NVAX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.81 | HIGH VOLATILITY | The high ATR as a percentage value for NVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.31 | 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)
7.29
+0.18 (+2.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.53%
1 Week15.9%
2 Weeks9.46%
1 Month3.11%
3 Month-8.76%
6 Month-13.93%
12 Month-52.97%
2 Year-9.44%
3 Year-86.82%
5 Year-84.17%
10 Year-95.95%
15 Year-84.88%
Volatility
ATR(14)0.69
ATR(20)%8.81%
ATR Inc-24.48%
Range Today0.31
ADR(20)0.59
ADR(20)%8.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.3
Mansfield-3
10 Day High8.78
10 Day Low5.8
20 Day High8.78
20 Day Low5.8
52 Week High23.86
52 Week Low5.01
CS1 End6.08
CR1 Start7.61
Volume & EV
DER(3)-0.96%
DER(5)2.64%
Volume7.12M
Volume Incr191.78%
Vol(5)26.67M
Vol(50)9.08M