Nexvet Biopharma Plc (NVET) Technical Analysis
NASDAQ:NVET
Current stock price
NVET Technical Rating and Analysis
Taking everything into account, NVET scores 7 out of 10 in our technical rating. Although NVET is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: NVET has an average volume of 12910 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- NVET is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NVET is leading the market.
- Looking at the yearly performance, NVET did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month NVET has a been trading in a tight range between 6.66 and 6.72.
- Volume is considerably higher in the last couple of days.
NVET Weekly and Daily overview Charts
NVET Setup Rating and Analysis
NVET has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
NVET Support and Resistance Analysis
3.44
We found 2 important support areas.
- A support zone ranging from 6.59 to 6.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.73 to 6.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
NVET 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 | UP | POSITIVE | The long term trend for NVET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVET is up. |
| ChartMill Relative Strength | 76.91 | POSITIVE | NVET has a high relative strength, it outperformed 76.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.26 | NEUTRAL | The RSI value for NVET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NVET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.83 | OVERBOUGHT | The high Stochastics value suggests NVET may be overbought. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for NVET suggests low volalility. |
NVET Chart- and CandleStick Pattern Analysis
NVET Example Setup
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 |
|---|---|---|---|
| 6.74 | 6.68 | 0.06 (0.89%) | 25.00% |
| An entry @6.74. This is a Buy Stop order right above the resistance zone. | An exit @6.68. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- 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.
NVET Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:NVET (7/28/2017, 11:58:59 PM)
6.72
0 (0%)
Nexvet Biopharma Plc / NVET TA FAQ
What is the technical rating for NVET stock?
ChartMill assigns a technical rating of 7 / 10 to NVET.
What is the current trend direction of Nexvet Biopharma Plc (NVET) stock?
The current trend direction for Nexvet Biopharma Plc (NVET) is Bullish.
What is the RSI signal for NVET stock?
Nexvet Biopharma Plc (NVET) has an RSI value of 66.2597. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Nexvet Biopharma Plc?
The buy/sell signal for Nexvet Biopharma Plc (NVET) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Nexvet Biopharma Plc (NVET) stock?
Nexvet Biopharma Plc (NVET) has a support level at 6.71 and a resistance level at 6.73. Check the full technical report for our detailed analysis of NVET support and resistance levels.