NVCT Technical Analysis - NUVECTIS PHARMA INC

Technical Rating and Analysis

Overall NVCT gets a technical rating of 0 out of 10. NVCT 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

88% of all other stocks performed better in the past year than NVCT.

NVCT is one of the lesser performing stocks in the Biotechnology industry. 65% of 536 stocks in the same industry do better.

NVCT 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 NVCT has a been trading in the 5.57 - 6.60 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NUVECTIS PHARMA INC / NVCT Weekly stock chart

NUVECTIS PHARMA INC / NVCT Daily stock chart

Setup Rating and Analysis

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 support zone below the current price at 6.09, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.85

11.11

When analyzing the support we notice one important area.

A support zone ranging from 5.91 to 6.09. 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.

Resistance @6.88 from a horizontal line in the daily time frame.
Resistance @10.16 from a trend line in the weekly time frame.
Resistance @11.00 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	12.98	NEGATIVE	NVCT has a low relative strength, it was outperformed by 87.02% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NVCT is above a declining 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)	UP	MIXED	The current price of NVCT is below the rising SMA(200).
Relative Strength Index/RSI (14)	49.83	NEUTRAL	The RSI value for NVCT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests NVCT has a positive trend.
Stochastics (14,3)	59.26	NEUTRAL	The Stochastics value for NVCT is a neutral value.
Average True Range in percent/ATR (20)	4.33	MEDIUM VOLATILITY	The ATR as a percentage value for NVCT suggests some volalility.
Average Directional Index/ADX (14)	13.29	NEGATIVE	The low ADX value for NVCT suggests a weak or negative trend.