ENVVENO MEDICAL CORP (NVNO) Stock Technical Analysis
NASDAQ:NVNO - Nasdaq - US29415J1060 - Common Stock - Currency: USD
Overall NVNO gets a technical rating of 6 out of 10. NVNO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, NVNO is a bad performer in the overall market: 82% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NVNO is an average performer in the Health Care Equipment & Supplies industry, it outperforms 43% of 188 stocks in the same industry.
NVNO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVNO is lagging the market slightly.
In the last month NVNO has a been trading in the 2.69 - 4.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, NVNO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.75. Right above this resistance zone may be a good entry point.
More info and screens
3.31
3.88
When analyzing the support we notice one important area.
- A support zone ranging from 3.34 to 3.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.75 to 3.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NVNO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVNO is up. |
| ChartMill Relative Strength | 18.43 | NEGATIVE | NVNO has a low relative strength, it was outperformed by 81.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NVNO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVNO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVNO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.81 | NEUTRAL | The RSI value for NVNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NVNO has a negative trend. |
| Stochastics (14,3) | 19.24 | OVERSOLD | The low Stochastics value suggests NVNO may be oversold. |
| Average True Range in percent/ATR (20) | 7.46 | HIGH VOLATILITY | The high ATR as a percentage value for NVNO suggests high volalility. |
| Average Directional Index/ADX (14) | 40.63 | POSITIVE | The high ADX value value for NVNO 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)
3.35
-0.07 (-2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.05%
1 Week-7.46%
2 Weeks-8.22%
1 Month22.49%
3 Month-11.14%
6 Month-1.76%
12 Month-33.13%
2 Year15.12%
3 Year-18.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%7.46%
ATR Inc2.71%
Range Today0.17
ADR(20)0.25
ADR(20)%7.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.43
Mansfield-1.44
10 Day High4
10 Day Low3.26
20 Day High4
20 Day Low2.69
52 Week High6.48
52 Week Low2.03
CS1 End3.34
CR1 Start3.75
Volume & EV
DER(3)-5.97%
DER(5)-3.6%
Volume46.90K
Volume Incr-22.25%
Vol(5)63.46K
Vol(50)83.43K