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's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than NVAX.
NVAX is part of the Biotechnology industry. There are 555 other stocks in this industry, of which 61% are performing better 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.
NVAX has an average volume of 9287540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NVAX has a been trading in the 6.13 - 7.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
NVAX has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
5.79
7.83
We found 2 important support areas.
- A support zone ranging from 6.29 to 6.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 6.80 to 6.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.09 from a trend line in the weekly time frame.
- Resistance @7.29 from a trend line in the daily time frame.
- Resistance @7.46 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for NVAX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVAX is neutral. |
| ChartMill Relative Strength | 10.47 | NEGATIVE | NVAX has a low relative strength, it was outperformed by 89.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVAX is above a declining 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 | NEGATIVE | The current price of NVAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.68 | NEUTRAL | The RSI value for NVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NVAX has a positive trend. |
| Stochastics (14,3) | 52.3 | NEUTRAL | The Stochastics value for NVAX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.99 | MEDIUM VOLATILITY | The ATR as a percentage value for NVAX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.76 | 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)
6.8
+0.04 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.59%
1 Week4.62%
2 Weeks7.94%
1 Month-4.9%
3 Month8.97%
6 Month-23.16%
12 Month-42.86%
2 Year-26.72%
3 Year-87.53%
5 Year-95.25%
10 Year-97.18%
15 Year-84.75%
Volatility
ATR(14)0.31
ATR(20)%4.99%
ATR Inc-16.33%
Range Today0.16
ADR(20)0.33
ADR(20)%4.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.47
Mansfield-3.25
10 Day High6.9
10 Day Low6.13
20 Day High7.8
20 Day Low6.13
52 Week High17.81
52 Week Low5.01
CS1 End6.27
CR1 Start6.38
Volume & EV
DER(3)0.29%
DER(5)-0.59%
Volume2.29M
Volume Incr-28.81%
Vol(5)4.23M
Vol(50)9.29M