NVNI Technical Analysis - NVNI GROUP LTD

Technical Rating and Analysis

Overall NVNI gets a technical rating of 5 out of 10. NVNI has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still 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.

NVNI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

NVNI has an average volume of 8027280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that NVNI is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.

NVNI is an average performer in the Software industry, it outperforms 68% of 280 stocks in the same industry.

In the last month NVNI has a been trading in the 0.52 - 0.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NVNI GROUP LTD / NVNI Weekly stock chart

Setup Rating and Analysis

NVNI has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.42

0.70

When analyzing the support we can see 3 important areas.

Support @0.54 from a trend line in the daily time frame.
Support @0.46 from a trend line in the weekly time frame.
Support @0.42 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @0.69 from a horizontal line in the daily 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 NVNI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NVNI is neutral.
ChartMill Relative Strength	79.8	POSITIVE	NVNI has a high relative strength, it outperformed 79.8% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NVNI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NVNI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NVNI is below a declining SMA(200).
Relative Strength Index/RSI (14)	58.27	NEUTRAL	The RSI value for NVNI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests NVNI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	49.34	NEUTRAL	The Stochastics value for NVNI is a neutral value.
Average True Range in percent/ATR (20)	7.55	HIGH VOLATILITY	The high ATR as a percentage value for NVNI suggests high volalility.
Average Directional Index/ADX (14)	24.94	NEUTRAL	The ADX value for NVNI suggests a possible start of a new trend.