NOVO-NORDISK A/S-SPONS ADR (NVO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NVO - US6701002056 - ADR
Taking everything into account, NVO scores 2 out of 10 in our technical rating. In the past year, NVO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, NVO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
44.51
We found 2 important support areas.
- Support @48.45 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 51.24 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 | 12.77 | NEGATIVE | NVO has a low relative strength, it was outperformed by 87.23% 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 | 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) | 54.93 | NEUTRAL | The RSI value for NVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests NVO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.28 | NEUTRAL | The Stochastics value for NVO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for NVO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for NVO suggests a weak or negative trend. |
50.88
-0.34 (-0.66%)
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.
What is the current trend direction of NOVO-NORDISK A/S-SPONS ADR (NVO) stock?
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 54.9306. This indicates that the stock is currently neutral.
What is the short term momentum for NVO stock?
The short term momentum for NOVO-NORDISK A/S-SPONS ADR (NVO) is positive.
What are the support and resistance levels for NOVO-NORDISK A/S-SPONS ADR (NVO) stock?
NOVO-NORDISK A/S-SPONS ADR (NVO) has a support level at 48.45 and a resistance level at 51.24. Check the full technical report for our detailed analysis of NVO support and resistance levels.