NOVAVAX INC (NVAX) Stock Technical Analysis
USA - NASDAQ:NVAX - US6700024010 - Common Stock
8.71 USD
+0.18 (+2.11%)
8.75 USD
+0.04 (+0.46%)
Taking everything into account, NVAX scores 8 out of 10 in our technical rating. Although NVAX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month NVAX has a been trading in the 7.23 - 8.82 range, which is quite wide. It is currently trading near the high of this range.
NVAX has an average volume of 6820870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NVAX turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
NVAX is part of the Biotechnology industry. There are 541 other stocks in this industry, NVAX did better than 57% of them.
NVAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NVAX is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NVAX has an excellent technical rating, it 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
6.64
9.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.72 to 7.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.06 from a trend line in the daily time frame.
- Support @6.93 from a trend line in the weekly time frame.
- Support @6.71 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @8.89 from a trend line in the weekly time frame.
- Resistance @9.31 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 9.54 to 9.72. 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 NVAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVAX is up. |
| ChartMill Relative Strength | 41.28 | NEUTRAL | NVAX is not amongst the best or worst performers 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) | 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) | 60.69 | NEUTRAL | The RSI value for NVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests NVAX has a positive trend. |
| Stochastics (14,3) | 83.93 | OVERBOUGHT | The high Stochastics value suggests NVAX may be overbought. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for NVAX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.38 | 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)
8.71
+0.18 (+2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.11%
1 Week9.15%
2 Weeks10.25%
1 Month14.15%
3 Month35.88%
6 Month14.61%
12 Month-32.53%
2 Year20.3%
3 Year-52.14%
5 Year-91.96%
10 Year-93.84%
15 Year-80.11%
Volatility
ATR(14)0.37
ATR(20)%4.26%
ATR Inc-24.11%
Range Today0.3
ADR(20)0.37
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.28
Mansfield-0.42
10 Day High8.82
10 Day Low7.63
20 Day High8.82
20 Day Low7.23
52 Week High15.22
52 Week Low5.01
CS1 End7.92
CR1 Start8.89
Volume & EV
DER(3)0.94%
DER(5)2.16%
Volume5.20M
Volume Incr-32.56%
Vol(5)4.80M
Vol(50)6.82M