NOVO-NORDISK A/S-SPONS ADR (NVO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NVO - US6701002056 - ADR
Overall NVO gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NVO was also a bad performer in the overall market in the last year.
NVO 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
44.51
3 important support areas can be observed.
- A support zone ranging from 49.18 to 49.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @48.31 from a trend line in the daily time frame.
- A support zone ranging from 44.96 to 45.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 51.29 to 52.57. This zone is formed by a combination of multiple trend lines and important moving averages 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 NVO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVO is up. |
| ChartMill Relative Strength | 12.86 | NEGATIVE | NVO has a low relative strength, it was outperformed by 87.14% 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 | MIXED | The current price of NVO is above 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) | 56.53 | NEUTRAL | The RSI value for NVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests NVO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.84 | NEUTRAL | The Stochastics value for NVO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for NVO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for NVO suggests a weak or negative trend. |
51.22
-0.25 (-0.49%)
NOVO-NORDISK A/S-SPONS ADR / NVO FAQ
Can you provide the ChartMill technical rating for NOVO-NORDISK A/S-SPONS ADR?
ChartMill assigns a technical rating of 2 / 10 to NVO.
Can you provide the trend direction for NOVO-NORDISK A/S-SPONS ADR?
The current trend direction for NOVO-NORDISK A/S-SPONS ADR (NVO) is Bearish.
Can you provide the RSI signal for NOVO-NORDISK A/S-SPONS ADR?
NOVO-NORDISK A/S-SPONS ADR (NVO) has an RSI value of 56.5307. This indicates that the stock is currently neutral.
What is the short term momentum for NOVO-NORDISK A/S-SPONS ADR (NVO) stock?
The short term momentum for NOVO-NORDISK A/S-SPONS ADR (NVO) is positive.
What is the buy/sell signal for NVO stock?
The buy/sell signal for NOVO-NORDISK A/S-SPONS ADR (NVO) is hold as the short term and long term trends are mixed.