NOVAVAX INC (NVAX) Stock Technical Analysis
USA - NASDAQ:NVAX - US6700024010 - Common Stock
8.4 USD
-0.03 (-0.36%)
8.4 USD
0 (0%)
Taking everything into account, NVAX scores 4 out of 10 in our technical rating. In the last year, NVAX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month NVAX has a been trading in the 8.02 - 9.60 range, which is quite wide. It is currently trading near the lows of this range.
NVAX has an average volume of 4881140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, NVAX outperforms 61% of them, which is more or less in line with the market.
NVAX is an average performer in the Biotechnology industry, it outperforms 54% of 534 stocks in the same industry.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, NVAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
6.86
9.69
We found 5 important support areas.
- A support zone ranging from 8.39 to 8.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.09 to 8.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.50 from a trend line in the daily time frame.
- Support @7.20 from a trend line in the weekly time frame.
- Support @6.93 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @8.96 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 9.55 to 9.59. 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 | DOWN | NEGATIVE | The short term trend for NVAX is down. |
| ChartMill Relative Strength | 61.95 | NEUTRAL | NVAX is not amongst the best or worst performers 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) | 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) | 47.26 | NEUTRAL | The RSI value for NVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NVAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.04 | NEUTRAL | The Stochastics value for NVAX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for NVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 11.11 | 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)
8.4
-0.03 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.36%
1 Week-1.41%
2 Weeks3.7%
1 Month-11.21%
3 Month28.05%
6 Month31.05%
12 Month-10.16%
2 Year26.13%
3 Year-62.28%
5 Year-89.59%
10 Year-93.78%
15 Year-82.72%
Volatility
ATR(14)0.4
ATR(20)%5.1%
ATR Inc-18.12%
Range Today0.27
ADR(20)0.41
ADR(20)%4.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.95
3 months CRS86.88
6 months CRS80.9
Mansfield-0.44
10 Day High8.82
10 Day Low8.19
20 Day High9.6
20 Day Low8.02
52 Week High11.55
52 Week Low5.01
CS1 End8.39
CR1 Start8.96
Volume & EV
DER(3)2.07%
DER(5)1.42%
Volume3.50M
Volume Incr-40.04%
Vol(5)2.80M
Vol(50)4.88M
NOVAVAX INC / NVAX FAQ
Can you provide the ChartMill technical rating for NOVAVAX INC?
ChartMill assigns a technical rating of 4 / 10 to NVAX.
Can you provide the trend direction for NOVAVAX INC?
The current trend direction for NOVAVAX INC (NVAX) is Bullish.
What is the RSI signal for NOVAVAX INC (NVAX) stock?
NOVAVAX INC (NVAX) has an RSI value of 47.2639. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NOVAVAX INC?
The short term momentum for NOVAVAX INC (NVAX) is negative.
Can you provide the buy/sell signal for NOVAVAX INC?
The buy/sell signal for NOVAVAX INC (NVAX) is hold as the short term and long term trends are mixed.