NUVECTIS PHARMA INC (NVCT) Stock Technical Analysis
NASDAQ:NVCT - Nasdaq - US67080T1088 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to NVCT. NVCT has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month NVCT has a been trading in the 8.40 - 11.15 range, which is quite wide. It is currently trading near the lows of this range.
NVCT is part of the Biotechnology industry. There are 559 other stocks in this industry. NVCT outperforms 77% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that NVCT is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
NVCT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVCT is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
NVCT has a poor technical rating and the quality of the setup is also only medium 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
8.16
11.11
When analyzing the support we notice one important area.
- Support @8.24 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @8.63 from a trend line in the daily time frame.
- A resistance zone ranging from 8.85 to 9.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.11 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.98 to 11.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for NVCT is down. |
| ChartMill Relative Strength | 73.17 | POSITIVE | NVCT has a high relative strength, it outperformed 73.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVCT is below 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 | POSITIVE | The current price of NVCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.22 | NEUTRAL | The RSI value for NVCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NVCT has a negative trend. |
| Stochastics (14,3) | 12.25 | OVERSOLD | The low Stochastics value suggests NVCT may be oversold. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for NVCT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.69 | NEGATIVE | The low ADX value for NVCT suggests a weak or negative 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)
8.41
-0.42 (-4.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.76%
1 Week-4.97%
2 Weeks-10.63%
1 Month-9.37%
3 Month-4.97%
6 Month78.94%
12 Month24.22%
2 Year-47.34%
3 Year-24.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%6.89%
ATR Inc19.66%
Range Today0.55
ADR(20)0.57
ADR(20)%6.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.17
Mansfield1.15
10 Day High9.75
10 Day Low8.4
20 Day High11.15
20 Day Low8.4
52 Week High11.8
52 Week Low4.44
CS1 End8.24
CR1 Start8.63
Volume & EV
DER(3)-6.86%
DER(5)-4.46%
Volume122.40K
Volume Incr-34.18%
Vol(5)81.94K
Vol(50)133.25K