NOVOCURE LTD (NVCR) Stock Technical Analysis
NASDAQ:NVCR • JE00BYSS4X48
Taking everything into account, NVCR scores 2 out of 10 in our technical rating. NVCR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 87% of all other stocks performed better in the past year than NVCR.
- NVCR 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.
- NVCR has an average volume of 1843550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- NVCR is part of the Health Care Equipment & Supplies industry. There are 186 other stocks in this industry, NVCR did better than 40% of them.
- In the last month NVCR has a been trading in the 9.82 - 14.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of NVCR is bad and it also does not present a quality setup 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.
More info and screens
10.88
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 12.44 to 12.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.61 from a trend line in the weekly time frame.
- Resistance @14.13 from a trend line in the daily time frame.
- Resistance @14.66 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 | NEUTRAL | NEUTRAL | The long term trend for NVCR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVCR is neutral. |
| ChartMill Relative Strength | 13.14 | NEGATIVE | NVCR has a low relative strength, it was outperformed by 86.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVCR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NVCR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVCR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.24 | NEUTRAL | The RSI value for NVCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NVCR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.41 | NEUTRAL | The Stochastics value for NVCR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.2 | HIGH VOLATILITY | The high ATR as a percentage value for NVCR suggests high volalility. |
| Average Directional Index/ADX (14) | 26.75 | POSITIVE | The high ADX value value for NVCR suggests a strong trend. |
10.99
-1.54 (-12.29%)
NOVOCURE LTD / NVCR FAQ
What is the technical rating for NVCR stock?
ChartMill assigns a technical rating of 2 / 10 to NVCR.
What is the current trend direction of NOVOCURE LTD (NVCR) stock?
The current trend direction for NOVOCURE LTD (NVCR) is Bearish.
Can you provide the RSI signal for NOVOCURE LTD?
NOVOCURE LTD (NVCR) has an RSI value of 42.2443. This indicates that the stock is currently neutral.
What is the support and resistance level for NVCR stock?
NOVOCURE LTD (NVCR) has a resistance level at 12.44. Check the full technical report for our detailed analysis of NVCR support and resistance levels.