USA - NASDAQ:NVNO - US29415J1060 - Common Stock
Taking everything into account, NVNO scores 0 out of 10 in our technical rating. NVNO'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.
Although the technical rating is bad, NVNO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
0.64
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 NVNO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVNO is down. |
| ChartMill Relative Strength | 0.47 | NEGATIVE | NVNO has a low relative strength, it was outperformed by 99.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVNO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVNO is below a declining 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) | 29.3 | OVERSOLD | The low RSI value suggests NVNO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NVNO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.55 | NEUTRAL | The Stochastics value for NVNO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.82 | HIGH VOLATILITY | The high ATR as a percentage value for NVNO suggests high volalility. |
| Average Directional Index/ADX (14) | 55.37 | POSITIVE | The high ADX value value for NVNO suggests a strong trend. |
0.6483
-0.01 (-1.22%)
ChartMill assigns a technical rating of 0 / 10 to NVNO.
The current trend direction for ENVVENO MEDICAL CORP (NVNO) is Bearish.
ENVVENO MEDICAL CORP (NVNO) has an RSI value of 29.2962. This indicates that the stock is currently oversold.
The short term momentum for ENVVENO MEDICAL CORP (NVNO) is negative.
The buy/sell signal for ENVVENO MEDICAL CORP (NVNO) is sell as both the short term and long term trends are negative.