NOVO-NORDISK A/S-SPONS ADR (NVO) Stock Technical Analysis
NYSE:NVO - US6701002056 - ADR
56.74 USD
+0.36 (+0.64%)
56.7778 USD
+0.04 (+0.07%)
We assign a technical rating of 1 out of 10 to NVO. NVO'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, NVO is a bad performer in the overall market: 96% of all stocks are doing better.
NVO is one of the lesser performing stocks in the Pharmaceuticals industry. 77% of 195 stocks in the same industry do better.
NVO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NVO has a been trading in the 45.05 - 58.34 range, which is quite wide. It is currently trading near the high of this range.
NVO has an average volume of 17053200 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.
Although the technical rating is bad, NVO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 56.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.45, a Stop Loss order could be placed below this zone.
More info and screens
54.78
81.79
We found 1 important support area.
- A support zone ranging from 55.33 to 56.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 56.99 to 56.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 62.47 to 62.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @67.21 from a trend line in the daily time frame.
- Resistance @71.17 from a trend line in the weekly time frame.
- Resistance @80.98 from a horizontal 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 NVO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVO is neutral. |
| ChartMill Relative Strength | 4.77 | NEGATIVE | NVO has a low relative strength, it was outperformed by 95.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.64 | NEUTRAL | The RSI value for NVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests NVO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79 | NEUTRAL | The Stochastics value for NVO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for NVO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.78 | NEGATIVE | The low ADX value for NVO suggests a weak or negative 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)
56.74
+0.36 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.64%
1 Week2.53%
2 Weeks3.58%
1 Month20.16%
3 Month-23.97%
6 Month-34.91%
12 Month-56.73%
2 Year-37.61%
3 Year13.9%
5 Year63.45%
10 Year109.22%
15 Year476.39%
Volatility
ATR(14)1.51
ATR(20)%2.93%
ATR Inc-21.28%
Range Today0.88
ADR(20)1.15
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.77
Mansfield-3.77
10 Day High58.34
10 Day Low53.83
20 Day High58.34
20 Day Low45.05
52 Week High138.22
52 Week Low45.05
CS1 End56.45
CR1 Start56.99
Volume & EV
DER(3)1.89%
DER(5)0.64%
Volume9.11M
Volume Incr-59.46%
Vol(5)10.22M
Vol(50)17.05M