DEFIANCE DLY TRG 2X LNG NVO (NVOX) Stock Technical Analysis
NYSEARCA:NVOX • US88636W2888
We assign a technical rating of 0 out of 10 to NVOX. NVOX 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.
- When comparing the yearly performance of all stocks, NVOX is a bad performer in the overall market: 95% of all stocks are doing better.
- NVOX 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 NVOX has a been trading in the 14.59 - 33.81 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
NVOX has a poor technical rating and the quality of the setup is also only medium 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
17.02
4 important resistance areas can be observed.
- A resistance zone ranging from 18.90 to 18.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.16 from a trend line in the daily time frame.
- Resistance @30.65 from a trend line in the daily time frame.
- Resistance @31.25 from a trend line in the weekly 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 NVOX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVOX is down. |
| ChartMill Relative Strength | 5.7 | NEGATIVE | NVOX has a low relative strength, it was outperformed by 94.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVOX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVOX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVOX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.32 | NEUTRAL | The RSI value for NVOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests NVOX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.89 | NEUTRAL | The Stochastics value for NVOX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.47 | HIGH VOLATILITY | The high ATR as a percentage value for NVOX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.22 | POSITIVE | The high ADX value value for NVOX suggests a strong trend. |
17.19
-0.81 (-4.5%)
DEFIANCE DLY TRG 2X LNG NVO / NVOX FAQ
What is the ChartMill technical rating of DEFIANCE DLY TRG 2X LNG NVO (NVOX) stock?
ChartMill assigns a technical rating of 0 / 10 to NVOX.
What is the trend direction for NVOX stock?
The current trend direction for DEFIANCE DLY TRG 2X LNG NVO (NVOX) is Bearish.
What is the RSI signal for DEFIANCE DLY TRG 2X LNG NVO (NVOX) stock?
DEFIANCE DLY TRG 2X LNG NVO (NVOX) has an RSI value of 35.3216. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DEFIANCE DLY TRG 2X LNG NVO?
The MACD indicator for DEFIANCE DLY TRG 2X LNG NVO (NVOX) has a value of -0.419992, indicating a bearish trend.
What is the buy/sell signal for NVOX stock?
The buy/sell signal for DEFIANCE DLY TRG 2X LNG NVO (NVOX) is sell as both the short term and long term trends are negative.