NVNI GROUP LTD (NVNI) Stock Technical Analysis
USA - NASDAQ:NVNI - KYG507161027 - Common Stock
0.6116 USD
-0.03 (-4.36%)
0.6273 USD
+0.02 (+2.57%)
We assign a technical rating of 7 out of 10 to NVNI. Although NVNI has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
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 is part of the Software industry. There are 280 other stocks in this industry. NVNI outperforms 74% of them.
In the last month NVNI has a been trading in the 0.52 - 0.67 range, which is quite wide. It is currently trading near the high of this range.
NVNI has an average volume of 8054890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the yearly performance of all stocks, we notice that NVNI is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, NVNI also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.54, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NVNI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.43
0.70
4 important support areas can be observed.
- A support zone ranging from 0.54 to 0.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.52 from a horizontal line in the daily time frame.
- Support @0.48 from a trend line in the weekly time frame.
- Support @0.43 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.64 from a horizontal line in the weekly time frame.
- Resistance @0.69 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for NVNI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVNI is up. |
| ChartMill Relative Strength | 84.74 | POSITIVE | NVNI has a high relative strength, it outperformed 84.74% 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) | 54.63 | 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) | 63.45 | NEUTRAL | The Stochastics value for NVNI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.76 | HIGH VOLATILITY | The high ATR as a percentage value for NVNI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.2 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.65 | 0.53 | 0.12 (18.46%) | 5.42% |
| An entry @0.65. This is a Buy Stop order right above the resistance zone. | An exit @0.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 18.46%. | When investing 5.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.6116
-0.03 (-4.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.36%
1 Week10.6%
2 Weeks-0.23%
1 Month7.54%
3 Month95.96%
6 Month151.9%
12 Month-38.22%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%7.76%
ATR Inc12.17%
Range Today0.05
ADR(20)0.04
ADR(20)%7.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.74
Mansfield-5.24
10 Day High0.65
10 Day Low0.52
20 Day High0.67
20 Day Low0.52
52 Week High12.19
52 Week Low0.14
CS1 End0.54
CR1 Start0.64
Volume & EV
DER(3)9.46%
DER(5)6.06%
Volume1.90M
Volume Incr-28.98%
Vol(5)1.99M
Vol(50)8.05M