NVNI GROUP LTD (NVNI) Stock Technical Analysis
NASDAQ:NVNI - Nasdaq - KYG507161027 - Common Stock - Currency: USD
Overall NVNI gets a technical rating of 7 out of 10. In the last year, NVNI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
NVNI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NVNI is lagging the market.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month NVNI has a been trading in the 0.31 - 0.83 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.
NVNI has an average volume of 7395630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NVNI did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NVNI is part of the Software industry. There are 281 other stocks in this industry, NVNI did better than 63% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NVNI has an excellent technical rating, it 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.
More info and screens
0.34
0.63
We found 2 important support areas.
- Support @0.37 from a trend line in the weekly time frame.
- Support @0.34 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 | NEUTRAL | NEUTRAL | The long term trend for NVNI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVNI is up. |
| ChartMill Relative Strength | 73.03 | POSITIVE | NVNI has a high relative strength, it outperformed 73.03% 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) | 63.01 | NEUTRAL | The RSI value for NVNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NVNI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.11 | NEUTRAL | The Stochastics value for NVNI is a neutral value. |
| Average True Range in percent/ATR (20) | 14.98 | HIGH VOLATILITY | The high ATR as a percentage value for NVNI suggests high volalility. |
| Average Directional Index/ADX (14) | 36.57 | POSITIVE | The high ADX value value for NVNI 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)
0.6201
-0.04 (-6.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-6.3%
1 Week47.54%
2 Weeks79.01%
1 Month93.9%
3 Month84.39%
6 Month-89.04%
12 Month-58.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%14.98%
ATR Inc142.14%
Range Today0.19
ADR(20)0.08
ADR(20)%13.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.03
Mansfield-5.27
10 Day High0.83
10 Day Low0.35
20 Day High0.83
20 Day Low0.31
52 Week High12.19
52 Week Low0.14
CS1 End0.37
CR1 StartN/A
Volume & EV
DER(3)-2.35%
DER(5)-3.22%
Volume14.31M
Volume Incr2861.94%
Vol(5)55.49M
Vol(50)7.40M