NVNI Technical Analysis - NVNI GROUP LTD

Technical Rating and Analysis

Taking everything into account, NVNI scores 1 out of 10 in our technical rating. NVNI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, NVNI is a bad performer in the overall market: 94% of all stocks are doing better.

NVNI is one of the lesser performing stocks in the Software industry. 80% of 281 stocks in the same industry do better.

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.

In the last month NVNI has a been trading in the 2.84 - 16.40 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

NVNI has an average volume of 12237400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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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

The technical rating of NVNI is bad and it also does not present a 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

3.10

3.17

We found 1 important support area.

A support zone ranging from 3.13 to 3.13. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for NVNI is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NVNI is down.
ChartMill Relative Strength	6.87	NEGATIVE	NVNI has a low relative strength, it was outperformed by 93.13% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NVNI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NVNI is below a declining 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)	34.9	NEUTRAL	The RSI value for NVNI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.09	NEGATIVE	The MACD value suggests NVNI has a negative trend.
Stochastics (14,3)	2.12	OVERSOLD	The low Stochastics value suggests NVNI may be oversold.
Average True Range in percent/ATR (20)	69.09	HIGH VOLATILITY	The high ATR as a percentage value for NVNI suggests high volalility.
Average Directional Index/ADX (14)	40.25	POSITIVE	The high ADX value value for NVNI suggests a strong trend.