NVNI GROUP LTD (NVNI) Stock Technical Analysis
USA - NASDAQ:NVNI - KYG507161027 - Common Stock
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.
NVNI has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
3.04
When analyzing the support we can see 2 important areas.
- Support @3.15 from a trend line in the daily time frame.
- A support zone ranging from 3.07 to 3.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.28 to 3.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.69 to 3.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.81 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for NVNI is down. |
| ChartMill Relative Strength | 2.13 | NEGATIVE | NVNI has a low relative strength, it was outperformed by 97.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NVNI is below the rising 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) | 39.61 | NEUTRAL | The RSI value for NVNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NVNI has a positive trend. |
| Stochastics (14,3) | 14.77 | OVERSOLD | The low Stochastics value suggests NVNI may be oversold. |
| Average True Range in percent/ATR (20) | 14.24 | HIGH VOLATILITY | The high ATR as a percentage value for NVNI suggests high volalility. |
| Average Directional Index/ADX (14) | 11.24 | NEGATIVE | The low ADX value for NVNI suggests a weak or negative trend. |
3.27
+0.1 (+3.15%)
NVNI GROUP LTD / NVNI FAQ
What is the ChartMill technical rating of NVNI GROUP LTD (NVNI) stock?
ChartMill assigns a technical rating of 1 / 10 to NVNI.
What is the current trend direction of NVNI GROUP LTD (NVNI) stock?
The current trend direction for NVNI GROUP LTD (NVNI) is Bearish.
What is the RSI signal for NVNI stock?
NVNI GROUP LTD (NVNI) has an RSI value of 39.607. This indicates that the stock is currently neutral.
What is the short term momentum for NVNI GROUP LTD (NVNI) stock?
The short term momentum for NVNI GROUP LTD (NVNI) is negative.
What are the support and resistance levels for NVNI GROUP LTD (NVNI) stock?
NVNI GROUP LTD (NVNI) has a support level at 3.15 and a resistance level at 3.28. Check the full technical report for our detailed analysis of NVNI support and resistance levels.