NOVA LIFESTYLE INC (NVFY) Stock Technical Analysis
NASDAQ:NVFY - Nasdaq - US66979P3001 - Common Stock - Currency: USD
Taking everything into account, NVFY scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVFY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
NVFY is one of the better performing stocks in the Household Durables industry, it outperforms 98% of 63 stocks in the same industry.
NVFY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NVFY has a been trading in the 1.15 - 2.58 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, NVFY did better than 98% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NVFY has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.44
2.61
When analyzing the support we notice one important area.
- Support @1.45 from a trend line in the daily 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 NVFY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVFY is up. |
| ChartMill Relative Strength | 98.27 | POSITIVE | NVFY has a high relative strength, it outperformed 98.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVFY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVFY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVFY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.37 | OVERBOUGHT | The high RSI value suggests NVFY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NVFY has a positive trend. |
| Stochastics (14,3) | 97.64 | OVERBOUGHT | The high Stochastics value suggests NVFY may be overbought. |
| Average True Range in percent/ATR (20) | 10.17 | HIGH VOLATILITY | The high ATR as a percentage value for NVFY suggests high volalility. |
| Average Directional Index/ADX (14) | 42.63 | POSITIVE | The high ADX value value for NVFY suggests a strong 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)
2.58
+0.4 (+18.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg18.35%
1 Week89.71%
2 Weeks79.17%
1 Month106.4%
3 Month287.97%
6 Month316.13%
12 Month37.97%
2 Year19.44%
3 Year-29.82%
5 Year-66.05%
10 Year-95.75%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%10.17%
ATR Inc32.59%
Range Today0.47
ADR(20)0.26
ADR(20)%10.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.27
Mansfield13.39
10 Day High2.58
10 Day Low1.28
20 Day High2.58
20 Day Low1.15
52 Week High2.58
52 Week Low0.39
CS1 End1.45
CR1 StartN/A
Volume & EV
DER(3)15.12%
DER(5)9.86%
Volume141.00K
Volume Incr12.96%
Vol(5)118.94K
Vol(50)75.25K