NOVO-NORDISK A/S-SPONS ADR (NVO) Technical Analysis
NYSE:NVO • US6701002056
Current stock price
41.2 USD
+0.03 (+0.07%)
At close:
41.37 USD
+0.17 (+0.41%)
After Hours:
NVO Technical Rating and Analysis
We assign a technical rating of 1 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, NVO is a bad performer in the overall market: 93% of all stocks are doing better.
- NVO is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 75% are performing better than NVO.
- NVO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NVO has a been trading in the 35.12 - 41.67 range, which is quite wide. It is currently trading near the high of this range.
- NVO has an average volume of 20503100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NVO Weekly and Daily overview Charts
NVO Setup Rating and Analysis
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
NVO Support and Resistance Analysis
40.79
60.72
3 important resistance areas can be observed.
- A resistance zone ranging from 41.21 to 41.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.10 from a trend line in the weekly time frame.
- Resistance @60.12 from a trend line in the daily time frame.
NVO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for NVO is neutral. |
| ChartMill Relative Strength | 7.91 | NEGATIVE | NVO has a low relative strength, it was outperformed by 92.09% 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) | 60.45 | NEUTRAL | The RSI value for NVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests NVO has a positive trend. |
| Stochastics (14,3) | 77.59 | NEUTRAL | The Stochastics value for NVO is a neutral value. |
| 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) | 20 | NEUTRAL | The ADX value for NVO suggests a possible start of a new trend. |
NVO Chart- and CandleStick Pattern Analysis
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)
NVO Technicals: Chart, Performance Metrics, Trend & Indicators
41.2
+0.03 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.07%
1 Week1.83%
2 Weeks8.48%
1 Month14.32%
3 Month-30.67%
6 Month-16.7%
12 Month-40.49%
2 Year-67.89%
3 Year-50.69%
5 Year11.43%
10 Year47.7%
15 Year223.42%
Volatility
ATR(14)1.22
ATR(20)%2.93%
ATR Inc75.86%
Range Today1.12
ADR(20)1.02
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.91
3 months CRS7.79
6 months CRS21.79
Mansfield-3.1
10 Day High41.67
10 Day Low38.02
20 Day High41.67
20 Day Low35.12
52 Week High81.44
52 Week Low35.12
CS1 EndN/A
CR1 Start41.21
Volume & EV
DER(3)1%
DER(5)0.51%
Volume19.37M
Volume Incr27.55%
Vol(5)19.88M
Vol(50)20.50M
NOVO-NORDISK A/S-SPONS ADR / NVO TA FAQ
Can you provide the ChartMill technical rating for NOVO-NORDISK A/S-SPONS ADR?
ChartMill assigns a technical rating of 1 / 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.
What is the RSI signal for NVO stock?
NOVO-NORDISK A/S-SPONS ADR (NVO) has an RSI value of 60.4488. This indicates that the stock is currently neutral.
What is the MACD signal for NOVO-NORDISK A/S-SPONS ADR (NVO) stock?
The MACD indicator for NOVO-NORDISK A/S-SPONS ADR (NVO) has a value of 0.423664, indicating a bearish trend.