NVNI GROUP LTD (NVNI) Technical Analysis
NASDAQ:NVNI • KYG507161282
Current stock price
NVNI Technical Rating and Analysis
Taking everything into account, NVNI scores 0 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.
- 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.
- 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. 70% of 275 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- 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.
NVNI Weekly and Daily overview Charts
NVNI Setup Rating and Analysis
NVNI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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
NVNI Support and Resistance Analysis
1.18
2 important resistance areas can be observed.
- Resistance @1.42 from a trend line in the daily time frame.
- Resistance @1.54 from a trend line in the daily time frame.
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 | 6.7 | NEGATIVE | NVNI has a low relative strength, it was outperformed by 93.3% 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) | 46.68 | NEUTRAL | The RSI value for NVNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NVNI has a positive trend. |
| Stochastics (14,3) | 25 | NEUTRAL | The Stochastics value for NVNI is a neutral value. |
| Average True Range in percent/ATR (20) | 12.69 | HIGH VOLATILITY | The high ATR as a percentage value for NVNI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.96 | NEUTRAL | The ADX value for NVNI suggests a possible start of a new trend. |
NVNI Chart- and CandleStick Pattern Analysis
NVNI Technicals: Chart, Performance Metrics, Trend & Indicators
1.19
0 (0%)
NVNI GROUP LTD / NVNI TA FAQ
What is the ChartMill technical rating of NVNI GROUP LTD (NVNI) stock?
ChartMill assigns a technical rating of 0 / 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 46.6847. 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 0.0131921, indicating a bearish trend.
What is the support and resistance level for NVNI stock?
NVNI GROUP LTD (NVNI) has a resistance level at 1.42. Check the full technical report for our detailed analysis of NVNI support and resistance levels.