NOVAVAX INC (NVAX) Technical Analysis
NASDAQ:NVAX • US6700024010
Current stock price
NVAX Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to NVAX. Both in the recent history as in the last year, NVAX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- NVAX is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 518 stocks in the same industry.
- NVAX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NVAX is performing more or less in line with the market.
- NVAX has an average volume of 5380710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, NVAX did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month NVAX has a been trading in the 8.48 - 11.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NVAX Weekly and Daily overview Charts
NVAX Setup Rating and Analysis
NVAX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 9.02, a Stop Loss order could be placed below this zone.
More info and screens
NVAX Support and Resistance Analysis
6.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.88 to 9.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.95 from a trend line in the weekly time frame.
- A support zone ranging from 6.30 to 6.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @10.24 from a horizontal line in the weekly time frame.
NVAX Technical Indicator Signal Analysis
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 | 91.05 | POSITIVE | NVAX has a high relative strength, it outperformed 91.05% off all stocks 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) | UP | POSITIVE | The current price of NVAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.88 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 46.9 | NEUTRAL | The Stochastics value for NVAX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.79 | HIGH VOLATILITY | The high ATR as a percentage value for NVAX suggests high volalility. |
| Average Directional Index/ADX (14) | 40.3 | POSITIVE | The high ADX value value for NVAX suggests a strong trend. |
NVAX Chart- and CandleStick Pattern Analysis
NVAX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.25 | 9.13 | 1.12 (10.93%) | 9.15% |
| An entry @10.25. This is a Buy Stop order right above the resistance zone. | An exit @9.13. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.12 points, which is 10.93%. | For a 1.00% total portfolio risk, you can invest 9.15% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NVAX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NVAX Technicals: Chart, Performance Metrics, Trend & Indicators
10.235
-0.07 (-0.63%)
NOVAVAX INC / NVAX TA FAQ
Can you provide the ChartMill technical rating for NOVAVAX INC?
ChartMill assigns a technical rating of 9 / 10 to NVAX.
What is the trend direction for NVAX stock?
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 56.8753. This indicates that the stock is currently neutral.
What is the short term momentum for NOVAVAX INC (NVAX) stock?
The short term momentum for NOVAVAX INC (NVAX) is positive.
What is the support and resistance level for NVAX stock?
NOVAVAX INC (NVAX) has a support level at 9.02 and a resistance level at 10.24. Check the full technical report for our detailed analysis of NVAX support and resistance levels.