We assign a technical rating of 0 out of 10 to NVAX. 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.
NVAX has a poor technical rating and the quality of the setup is also not perfect 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.
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5.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.21 to 6.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @5.85 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 7.02 to 7.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.32 from a trend line in the weekly time frame.
- Resistance @8.78 from a trend line in the weekly time frame.
- Resistance @9.31 from a horizontal line in the weekly time frame.
- Resistance @9.71 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 | DOWN | NEGATIVE | The short term trend for NVAX is down. |
| ChartMill Relative Strength | 15.63 | NEGATIVE | NVAX has a low relative strength, it was outperformed by 84.37% off all stocks 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) | DOWN | NEGATIVE | The current price of NVAX is below 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) | 39.38 | NEUTRAL | The RSI value for NVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NVAX has a positive trend. |
| Stochastics (14,3) | 49.88 | NEUTRAL | The Stochastics value for NVAX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for NVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.98 | POSITIVE | The high ADX value value for NVAX suggests a strong trend. |
6.69
-0.36 (-5.11%)
NOVAVAX INC / NVAX FAQ
Can you provide the ChartMill technical rating for NOVAVAX INC?
ChartMill assigns a technical rating of 0 / 10 to NVAX.
Can you provide the trend direction for NOVAVAX INC?
The current trend direction for NOVAVAX INC (NVAX) is Bearish.
What is the RSI signal for NOVAVAX INC (NVAX) stock?
NOVAVAX INC (NVAX) has an RSI value of 39.3823. 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 sell as both the short term and long term trends are negative.