NOVO NORDISK A/S B SHRS ADRH (NVOH) Stock Technical Analysis
NYSEARCA:NVOH • US74016W8414
Taking everything into account, NVOH scores 0 out of 10 in our technical rating. NVOH'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 89% of all other stocks performed better in the past year than NVOH.
- NVOH 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 NVOH has a been trading in the 23.29 - 34.36 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: NVOH has an average volume of 7574 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Considerably lower volume is observed in the last couple of days.
The technical rating of NVOH 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
25.08
We found 1 important support area.
- Support @25.33 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 26.06 to 26.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 28.10 to 28.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.64 from a trend line in the weekly time frame.
- A resistance zone ranging from 32.76 to 33.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NVOH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVOH is down. |
| ChartMill Relative Strength | 11.63 | NEGATIVE | NVOH has a low relative strength, it was outperformed by 88.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVOH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVOH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVOH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.24 | NEUTRAL | The RSI value for NVOH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests NVOH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.18 | NEUTRAL | The Stochastics value for NVOH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for NVOH suggests high volalility. |
| Average Directional Index/ADX (14) | 22.76 | NEUTRAL | The ADX value for NVOH suggests a possible start of a new trend. |
25.44
-0.61 (-2.34%)
NOVO NORDISK A/S B SHRS ADRH / NVOH FAQ
What is the technical rating for NVOH stock?
ChartMill assigns a technical rating of 0 / 10 to NVOH.
What is the trend direction for NVOH stock?
The current trend direction for NOVO NORDISK A/S B SHRS ADRH (NVOH) is Bearish.
What is the RSI signal for NOVO NORDISK A/S B SHRS ADRH (NVOH) stock?
NOVO NORDISK A/S B SHRS ADRH (NVOH) has an RSI value of 37.2382. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NOVO NORDISK A/S B SHRS ADRH?
The MACD indicator for NOVO NORDISK A/S B SHRS ADRH (NVOH) has a value of -0.1951, indicating a bearish trend.
What is the buy/sell signal for NVOH stock?
The buy/sell signal for NOVO NORDISK A/S B SHRS ADRH (NVOH) is sell as both the short term and long term trends are negative.