NVNI GROUP LTD (NVNI) Technical Analysis
NASDAQ:NVNI • KYG507161282
Current stock price
NVNI Technical Rating and Analysis
Overall NVNI gets a technical rating of 1 out of 10. NVNI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 93% of all other stocks performed better in the past year than NVNI.
- NVNI is part of the Software industry. There are 272 other stocks in this industry, of which 71% are performing better than NVNI.
- 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 0.96 - 1.68 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.
NVNI Weekly and Daily overview Charts
NVNI Setup Rating and Analysis
Although the technical rating is bad, NVNI does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.31, a Stop Loss order could be placed below this zone.
More info and screens
NVNI Support and Resistance Analysis
1.28
We found 1 important support area.
- A support zone ranging from 1.29 to 1.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.41 from a trend line in the daily time frame.
- Resistance @1.46 from a trend line in the daily time frame.
- A resistance zone ranging from 1.58 to 1.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NVNI 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 | 7.59 | NEGATIVE | NVNI has a low relative strength, it was outperformed by 92.41% 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) | DOWN | MIXED | The current price of NVNI is above 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) | 54.34 | NEUTRAL | The RSI value for NVNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NVNI has a positive trend. |
| Stochastics (14,3) | 61.64 | NEUTRAL | The Stochastics value for NVNI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.3 | HIGH VOLATILITY | The high ATR as a percentage value for NVNI suggests high volalility. |
| Average Directional Index/ADX (14) | 27.92 | POSITIVE | The high ADX value value for NVNI suggests a strong trend. |
NVNI Chart- and CandleStick Pattern Analysis
NVNI Technicals: Chart, Performance Metrics, Trend & Indicators
1.4
+0.09 (+6.87%)
NVNI GROUP LTD / NVNI TA FAQ
What is the ChartMill technical rating of NVNI GROUP LTD (NVNI) stock?
ChartMill assigns a technical rating of 1 / 10 to NVNI.
Can you provide the trend direction for NVNI GROUP LTD?
The current trend direction for NVNI GROUP LTD (NVNI) is Bearish.
What is the RSI signal for NVNI GROUP LTD (NVNI) stock?
NVNI GROUP LTD (NVNI) has an RSI value of 54.3422. This indicates that the stock is currently neutral.
What is the MACD signal for NVNI GROUP LTD (NVNI) stock?
The MACD indicator for NVNI GROUP LTD (NVNI) has a value of 0.0150101, indicating a bearish trend.
What is the support and resistance level for NVNI stock?
NVNI GROUP LTD (NVNI) has a support level at 1.31 and a resistance level at 1.41. Check the full technical report for our detailed analysis of NVNI support and resistance levels.