NOVO-NORDISK A/S-SPONS ADR (NVO) Technical Analysis
NYSE:NVO • US6701002056
Current stock price
NVO Technical Rating and Analysis
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 92% of all other stocks performed better in the past year than NVO.
- NVO is part of the Pharmaceuticals industry. There are 192 other stocks in this industry, of which 70% are performing better than NVO.
- NVO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NVO is lagging the market.
- In the last month NVO has a been trading in the 35.12 - 39.88 range, which is quite wide. It is currently trading near the lows of this range.
- NVO has an average volume of 23856000 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
NVO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for NVO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
NVO Support and Resistance Analysis
36.61
3 important resistance areas can be observed.
- Resistance @39.79 from a horizontal line in the daily time frame.
- Resistance @55.56 from a trend line in the weekly time frame.
- Resistance @61.10 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 | DOWN | NEGATIVE | The short term trend for NVO is down. |
| ChartMill Relative Strength | 8.5 | NEGATIVE | NVO has a low relative strength, it was outperformed by 91.5% 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) | 39.83 | NEUTRAL | The RSI value for NVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests NVO has a positive trend. |
| Stochastics (14,3) | 38.96 | NEUTRAL | The Stochastics value for NVO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for NVO suggests some volalility. |
| Average Directional Index/ADX (14) | 35.44 | POSITIVE | The high ADX value value for NVO suggests a strong trend. |
NVO Chart- and CandleStick Pattern Analysis
NVO Technicals: Chart, Performance Metrics, Trend & Indicators
36.98
+0.5 (+1.37%)
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 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.
What is the RSI signal for NVO stock?
NOVO-NORDISK A/S-SPONS ADR (NVO) has an RSI value of 39.831. 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 0.438748, indicating a bearish trend.
Can you provide the buy/sell signal for NOVO-NORDISK A/S-SPONS ADR?
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.