NOVOCURE LTD (NVCR) Stock Technical Analysis
USA - NASDAQ:NVCR - JE00BYSS4X48 - Common Stock
14.05 USD
+0.07 (+0.5%)
14.15 USD
+0.1 (+0.71%)
Taking everything into account, NVCR scores 2 out of 10 in our technical rating. In the past year, NVCR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
84% 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.
In the last month NVCR has a been trading in the 11.98 - 14.16 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NVCR has an average volume of 1953070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NVCR is an average performer in the Health Care Equipment & Supplies industry, it outperforms 46% of 191 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
11.02
16.22
We found 3 important support areas.
- A support zone ranging from 12.84 to 12.91. 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 12.14 to 12.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.13 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.06 to 14.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.06 from a trend 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 NVCR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVCR is up. |
| ChartMill Relative Strength | 16.25 | NEGATIVE | NVCR has a low relative strength, it was outperformed by 83.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVCR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NVCR is above a declining 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) | 67.14 | NEUTRAL | The RSI value for NVCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests NVCR has a positive trend. |
| Stochastics (14,3) | 82.07 | OVERBOUGHT | The high Stochastics value suggests NVCR may be overbought. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for NVCR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for NVCR suggests a possible start of a new 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)
14.05
+0.07 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.5%
1 Week9.94%
2 Weeks8.08%
1 Month17.28%
3 Month-20.67%
6 Month-14.8%
12 Month-4.55%
2 Year5.64%
3 Year-80.12%
5 Year-88.49%
10 Year-37.47%
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%4.28%
ATR Inc74.25%
Range Today0.44
ADR(20)0.59
ADR(20)%4.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.25
Mansfield-3.32
10 Day High14.17
10 Day Low12.46
20 Day High14.17
20 Day Low11.98
52 Week High34.13
52 Week Low10.87
CS1 End12.91
CR1 Start14.06
Volume & EV
DER(3)3.7%
DER(5)4.17%
Volume1.54M
Volume Incr83.22%
Vol(5)2.85M
Vol(50)1.95M