NOVOCURE LTD (NVCR) Stock Technical Analysis
USA - NASDAQ:NVCR - JE00BYSS4X48 - Common Stock
Taking everything into account, NVCR scores 0 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.
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
10.78
When analyzing the support we notice one important area.
- A support zone ranging from 10.89 to 10.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.88 to 13.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.64 from a trend line in the daily time frame.
- Resistance @14.66 from a horizontal line in the daily time frame.
- Resistance @14.97 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 | DOWN | NEGATIVE | The short term trend for NVCR is down. |
| ChartMill Relative Strength | 15.91 | NEGATIVE | NVCR has a low relative strength, it was outperformed by 84.09% 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) | DOWN | NEGATIVE | The current price of NVCR is below 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) | 31.59 | NEUTRAL | The RSI value for NVCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests NVCR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.27 | OVERSOLD | The low Stochastics value suggests NVCR may be oversold. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for NVCR suggests high volalility. |
| Average Directional Index/ADX (14) | 25.14 | POSITIVE | The high ADX value value for NVCR suggests a strong trend. |
11.27
+0.35 (+3.21%)
NOVOCURE LTD / NVCR FAQ
What is the technical rating for NVCR stock?
ChartMill assigns a technical rating of 0 / 10 to NVCR.
What is the trend direction for 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 31.5899. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for NOVOCURE LTD?
The buy/sell signal for NOVOCURE LTD (NVCR) is sell as both the short term and long term trends are negative.
What is the support and resistance level for NVCR stock?
NOVOCURE LTD (NVCR) has a support level at 10.91 and a resistance level at 12.88. Check the full technical report for our detailed analysis of NVCR support and resistance levels.