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 0 out of 10 in our technical rating. 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.
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 49.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.67, a Stop Loss order could be placed below this zone.
More info and screens
44.51
When analyzing the support we notice one important area.
- 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 can see 3 important resistance areas.
- A resistance zone ranging from 49.09 to 49.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @61.80 from a trend line in the weekly time frame.
- Resistance @65.47 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 | 9 | NEGATIVE | NVO has a low relative strength, it was outperformed by 91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVO is above 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) | 46.32 | NEUTRAL | The RSI value for NVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests NVO has a positive trend. |
| Stochastics (14,3) | 78.23 | NEUTRAL | The Stochastics value for NVO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for NVO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.49 | NEUTRAL | The ADX value for NVO suggests a possible start of a new trend. |
48.43
-0.92 (-1.86%)
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.
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 46.3198. 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 negative.
What is the buy/sell signal for NVO stock?
The buy/sell signal for NOVO-NORDISK A/S-SPONS ADR (NVO) is sell as both the short term and long term trends are negative.