NOVAVAX INC (NVAX) Stock Technical Analysis
USA - NASDAQ:NVAX - US6700024010 - Common Stock
7.98 USD
-0.3 (-3.62%)
7.9573 USD
-0.02 (-0.28%)
Taking everything into account, NVAX scores 4 out of 10 in our technical rating. In the last year, NVAX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, NVAX is a bad performer in the overall market: 86% of all stocks are doing better.
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.
In the last month NVAX has a been trading in the 7.23 - 10.64 range, which is quite wide. It is currently trading near the lows of this range.
NVAX has an average volume of 6763730 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 part of the Biotechnology industry. There are 540 other stocks in this industry, NVAX did better than 46% of them.
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. There is a support zone below the current price at 7.67, a Stop Loss order could be placed below this zone.
More info and screens
6.61
9.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.63 to 7.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.39 to 7.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.99 from a trend line in the daily time frame.
- Support @6.68 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @8.29 from a horizontal line in the daily time frame.
- Resistance @9.03 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.55 to 9.58. 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 | 14.02 | NEGATIVE | NVAX has a low relative strength, it was outperformed by 85.98% 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) | 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) | 51.74 | NEUTRAL | The RSI value for NVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NVAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80.9 | OVERBOUGHT | The high Stochastics value suggests NVAX may be overbought. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for NVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.35 | 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)
7.98
-0.3 (-3.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.62%
1 Week1.01%
2 Weeks5.28%
1 Month-15.38%
3 Month14.99%
6 Month-0.13%
12 Month-41.37%
2 Year10.22%
3 Year-56.15%
5 Year-92.63%
10 Year-94.36%
15 Year-81.78%
Volatility
ATR(14)0.36
ATR(20)%6.17%
ATR Inc-3.44%
Range Today0.46
ADR(20)0.44
ADR(20)%5.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.02
Mansfield-1.26
10 Day High8.31
10 Day Low7.23
20 Day High10.64
20 Day Low7.23
52 Week High15.22
52 Week Low5.01
CS1 End7.67
CR1 Start8.29
Volume & EV
DER(3)-2.27%
DER(5)-0.66%
Volume7.18M
Volume Incr-43.55%
Vol(5)4.49M
Vol(50)6.76M