NOVAVAX INC (NVAX) Stock Technical Analysis
NASDAQ:NVAX - US6700024010 - Common Stock
7.84 USD
+0.21 (+2.75%)
7.92 USD
+0.08 (+1.02%)
Taking everything into account, NVAX scores 5 out of 10 in our technical rating. NVAX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
NVAX has an average volume of 6506140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
NVAX is an average performer in the Biotechnology industry, it outperforms 43% of 547 stocks in the same industry.
In the last month NVAX has a been trading in the 6.36 - 10.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NVAX has an average technical rating and it also does not offer a high 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
6.49
9.78
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.53 to 7.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.78 from a trend line in the daily time frame.
- Support @6.56 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.55 to 9.68. 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 | NEUTRAL | NEUTRAL | The short term trend for NVAX is neutral. |
| ChartMill Relative Strength | 13.4 | NEGATIVE | NVAX has a low relative strength, it was outperformed by 86.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NVAX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NVAX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.26 | NEUTRAL | The RSI value for NVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NVAX has a negative trend. |
| Stochastics (14,3) | 37.12 | NEUTRAL | The Stochastics value for NVAX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.51 | HIGH VOLATILITY | The high ATR as a percentage value for NVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.41 | POSITIVE | The high ADX value value for NVAX suggests a strong 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)
7.84
+0.21 (+2.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.75%
1 Week-18.16%
2 Weeks-6.33%
1 Month4.95%
3 Month8.14%
6 Month-1.88%
12 Month-34.61%
2 Year-2%
3 Year-76.27%
5 Year-92.89%
10 Year-96.36%
15 Year-80.5%
Volatility
ATR(14)0.82
ATR(20)%8.51%
ATR Inc9.74%
Range Today0.47
ADR(20)0.59
ADR(20)%7.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.4
Mansfield-1.62
10 Day High10.64
10 Day Low7.57
20 Day High10.64
20 Day Low6.36
52 Week High15.22
52 Week Low5.01
CS1 End7.62
CR1 Start9.55
Volume & EV
DER(3)0.81%
DER(5)-0.83%
Volume8.47M
Volume Incr24.55%
Vol(5)9.96M
Vol(50)6.51M