ENVVENO MEDICAL CORP (NVNO) Stock Technical Analysis
USA - NASDAQ:NVNO - US29415J1060 - Common Stock
0.968 USD
+0.02 (+1.73%)
0.97 USD
+0 (+0.21%)
Overall NVNO gets a technical rating of 1 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than NVNO.
NVNO is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 88% of 191 stocks in the same industry do better.
NVNO 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.
In the last month NVNO has a been trading in the 0.67 - 1.02 range, which is quite wide. It is currently trading near the high of this range.
NVNO has an average volume of 1151170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
NVNO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.98. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NVNO 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
0.88
0.99
We found 2 important support areas.
- A support zone ranging from 0.94 to 0.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.98 to 0.98. 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 | 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 | 0.73 | NEGATIVE | NVNO has a low relative strength, it was outperformed by 99.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVNO is above the rising 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) | 32.77 | NEUTRAL | The RSI value for NVNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NVNO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.08 | NEUTRAL | The Stochastics value for NVNO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for NVNO suggests high volalility. |
| Average Directional Index/ADX (14) | 48.21 | 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)
0.968
+0.02 (+1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.73%
1 Week-0.09%
2 Weeks3.72%
1 Month25.24%
3 Month-75.74%
6 Month-57.73%
12 Month-70.03%
2 Year-78%
3 Year-84.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6.64%
ATR Inc-22.98%
Range Today0.04
ADR(20)0.06
ADR(20)%6.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.73
Mansfield-7.24
10 Day High1.02
10 Day Low0.85
20 Day High1.02
20 Day Low0.67
52 Week High5.62
52 Week Low0.67
CS1 End0.94
CR1 Start0.98
Volume & EV
DER(3)4.06%
DER(5)-4.21%
Volume218.80K
Volume Incr-65.58%
Vol(5)305.34K
Vol(50)1.15M