NUVECTIS PHARMA INC (NVCT) Stock Technical Analysis
USA - NASDAQ:NVCT - US67080T1088 - Common Stock
Taking everything into account, NVCT scores 2 out of 10 in our technical rating. NVCT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, NVCT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.00, a Stop Loss order could be placed below this zone.
More info and screens
5.89
We found 1 important support area.
- A support zone ranging from 5.95 to 6.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 6.14 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.68 to 6.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.09 from a trend line in the weekly time frame.
- Resistance @11.00 from a horizontal line in the weekly 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 NVCT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVCT is neutral. |
| ChartMill Relative Strength | 63.42 | NEUTRAL | NVCT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NVCT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVCT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.06 | NEUTRAL | The RSI value for NVCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NVCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.43 | NEUTRAL | The Stochastics value for NVCT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.4 | HIGH VOLATILITY | The high ATR as a percentage value for NVCT suggests high volalility. |
| Average Directional Index/ADX (14) | 10.96 | NEGATIVE | The low ADX value for NVCT suggests a weak or negative trend. |
6.05
-0.03 (-0.49%)
NUVECTIS PHARMA INC / NVCT FAQ
What is the ChartMill technical rating of NUVECTIS PHARMA INC (NVCT) stock?
ChartMill assigns a technical rating of 2 / 10 to NVCT.
What is the current trend direction of NUVECTIS PHARMA INC (NVCT) stock?
The current trend direction for NUVECTIS PHARMA INC (NVCT) is Bearish.
Can you provide the RSI signal for NUVECTIS PHARMA INC?
NUVECTIS PHARMA INC (NVCT) has an RSI value of 48.0589. This indicates that the stock is currently neutral.
What is the support and resistance level for NVCT stock?
NUVECTIS PHARMA INC (NVCT) has a support level at 6 and a resistance level at 6.14. Check the full technical report for our detailed analysis of NVCT support and resistance levels.