We assign a technical rating of 0 out of 10 to NVNO. 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.
NVNO has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.35
We can see 2 important resistance areas.
- Resistance @0.40 from a horizontal line in the daily time frame.
- Resistance @0.55 from a trend line in the daily 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 NVNO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVNO is down. |
| ChartMill Relative Strength | 1.22 | NEGATIVE | NVNO has a low relative strength, it was outperformed by 98.78% 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) | 31.67 | NEUTRAL | The RSI value for NVNO is a neutral value. |
| 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) | 44.58 | NEUTRAL | The Stochastics value for NVNO is a neutral value. |
| Average True Range in percent/ATR (20) | 16.86 | HIGH VOLATILITY | The high ATR as a percentage value for NVNO suggests high volalility. |
| Average Directional Index/ADX (14) | 54.23 | POSITIVE | The high ADX value value for NVNO suggests a strong trend. |
0.3536
-0.03 (-8.87%)
ENVVENO MEDICAL CORP / NVNO FAQ
Can you provide the ChartMill technical rating for ENVVENO MEDICAL CORP?
ChartMill assigns a technical rating of 0 / 10 to NVNO.
What is the current trend direction of ENVVENO MEDICAL CORP (NVNO) stock?
The current trend direction for ENVVENO MEDICAL CORP (NVNO) is Bearish.
What is the RSI signal for ENVVENO MEDICAL CORP (NVNO) stock?
ENVVENO MEDICAL CORP (NVNO) has an RSI value of 31.6735. This indicates that the stock is currently neutral.
What is the short term momentum for ENVVENO MEDICAL CORP (NVNO) stock?
The short term momentum for ENVVENO MEDICAL CORP (NVNO) is negative.
What is the buy/sell signal for ENVVENO MEDICAL CORP (NVNO) stock?
The buy/sell signal for ENVVENO MEDICAL CORP (NVNO) is sell as both the short term and long term trends are negative.