NOVO-NORDISK A/S-SPONS ADR (NVO) Technical Analysis
NYSE:NVO • US6701002056
Overall NVO gets a technical rating of 0 out of 10. NVO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, NVO is a bad performer in the overall market: 92% of all stocks are doing better.
- NVO is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 68% are performing better than NVO.
- NVO 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 NVO has a been trading in the 35.85 - 50.07 range, which is quite wide. It is currently trading near the lows of this range.
- NVO has an average volume of 25400700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NVO 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 very little resistance above the current price.
More info and screens
38.44
3 important resistance areas can be observed.
- Resistance @39.79 from a horizontal line in the daily time frame.
- Resistance @57.40 from a trend line in the weekly time frame.
- Resistance @60.57 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 NVO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVO is down. |
| ChartMill Relative Strength | 8.79 | NEGATIVE | NVO has a low relative strength, it was outperformed by 91.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVO is below a declining 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) | 34.62 | NEUTRAL | The RSI value for NVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests NVO has a positive trend. |
| Stochastics (14,3) | 25.45 | NEUTRAL | The Stochastics value for NVO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for NVO suggests some volalility. |
| Average Directional Index/ADX (14) | 36.08 | POSITIVE | The high ADX value value for NVO suggests a strong trend. |
NVO Technicals: Chart, Performance Metrics, Trend & Indicators
38.83
+0.11 (+0.28%)
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 0 / 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 34.622. 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 negative.
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 resistance level at 39.79. Check the full technical report for our detailed analysis of NVO support and resistance levels.