NOVO-NORDISK A/S-SPONS ADR (NVO) Stock Technical Analysis
NYSE:NVO - New York Stock Exchange, Inc. - US6701002056 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to NVO. 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.
91% of all other stocks performed better in the past year than NVO.
NVO is one of the lesser performing stocks in the Pharmaceuticals industry. 68% of 194 stocks in the same industry do better.
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 64.16 - 74.38 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
NVO has an average volume of 9328310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of NVO is bad and it also does not present a quality setup 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
64.11
81.79
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 67.66 to 71.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @72.59 from a trend line in the weekly time frame.
- A resistance zone ranging from 75.12 to 76.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for NVO is down. |
| ChartMill Relative Strength | 9.43 | NEGATIVE | NVO has a low relative strength, it was outperformed by 90.57% 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) | 32.78 | NEUTRAL | The RSI value for NVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests NVO has a negative trend. |
| Stochastics (14,3) | 4.88 | OVERSOLD | The low Stochastics value suggests NVO may be oversold. |
| 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) | 14.77 | 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)
NYSE:NVO (7/21/2025, 10:01:10 AM)
64.755
+0.44 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.69%
1 Week-6.7%
2 Weeks-7.03%
1 Month-13.11%
3 Month10.73%
6 Month-18.27%
12 Month-51.11%
2 Year-20.16%
3 Year10.82%
5 Year96.88%
10 Year118.15%
15 Year647.53%
Volatility
ATR(14)1.66
ATR(20)%2.93%
ATR Inc21.75%
Range Today0.54
ADR(20)1.48
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.43
Mansfield-3.69
10 Day High71.75
10 Day Low64.16
20 Day High74.38
20 Day Low64.16
52 Week High139.74
52 Week Low57
CS1 EndN/A
CR1 Start67.66
Volume & EV
DER(3)-3.78%
DER(5)-2.6%
Volume1.03M
Volume Incr-10.15%
Vol(5)7.19M
Vol(50)9.33M