NUVECTIS PHARMA INC (NVCT) Stock Technical Analysis
NASDAQ:NVCT • US67080T1088
Overall NVCT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, NVCT 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!
- NVCT is part of the Biotechnology industry. There are 521 other stocks in this industry. NVCT outperforms 70% of them.
- When comparing the yearly performance of all stocks, we notice that NVCT is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- NVCT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NVCT is lagging the market.
- In the last month NVCT has a been trading in the 7.94 - 9.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, NVCT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.90. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NVCT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.01
2 important support areas can be observed.
- A support zone ranging from 8.53 to 8.62. 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 8.09 to 8.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.90 to 9.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.92 from a trend line in the weekly time frame.
- Resistance @10.81 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 | UP | POSITIVE | The long term trend for NVCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVCT is up. |
| ChartMill Relative Strength | 83.64 | POSITIVE | NVCT has a high relative strength, it outperformed 83.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVCT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NVCT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.6 | NEUTRAL | The RSI value for NVCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NVCT has a negative trend. |
| Stochastics (14,3) | 64.34 | NEUTRAL | The Stochastics value for NVCT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for NVCT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.44 | POSITIVE | The high ADX value value for NVCT suggests a strong trend. |
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 |
|---|---|---|---|
| 9.06 | 8.52 | 0.54 (5.96%) | 16.78% |
| An entry @9.06. This is a Buy Stop order right above the resistance zone. | An exit @8.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.54 points, which is 5.96%. | When investing 16.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NVCT. 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.
8.63
-0.29 (-3.25%)
NUVECTIS PHARMA INC / NVCT FAQ
What is the ChartMill technical rating of NUVECTIS PHARMA INC (NVCT) stock?
ChartMill assigns a technical rating of 9 / 10 to NVCT.
What is the trend direction for NVCT stock?
The current trend direction for NUVECTIS PHARMA INC (NVCT) is Bullish.
What is the RSI signal for NUVECTIS PHARMA INC (NVCT) stock?
NUVECTIS PHARMA INC (NVCT) has an RSI value of 52.6021. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NUVECTIS PHARMA INC?
The MACD indicator for NUVECTIS PHARMA INC (NVCT) has a value of -0.0210716, indicating a bearish trend.
What is the short term momentum for NVCT stock?
The short term momentum for NUVECTIS PHARMA INC (NVCT) is positive.