NEVRO CORP (NVRO) Technical Analysis
NYSE:NVRO • US64157F1030
Current stock price
NVRO Technical Rating and Analysis
Overall NVRO gets a technical rating of 7 out of 10. NVRO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- NVRO 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.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- NVRO is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 83% of 187 stocks in the same industry.
- NVRO has an average volume of 1348480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that NVRO is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month NVRO has a been trading in a tight range between 5.73 and 5.86.
- Considerably lower volume is observed in the last couple of days.
NVRO Weekly and Daily overview Charts
NVRO Setup Rating and Analysis
Besides having an excellent technical rating, NVRO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 5.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.83, a Stop Loss order could be placed below this zone.
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NVRO Support and Resistance Analysis
5.65
When analyzing the support we notice one important area.
- A support zone ranging from 5.71 to 5.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 5.85 to 5.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
NVRO 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 | NEUTRAL | NEUTRAL | The long term trend for NVRO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVRO is up. |
| ChartMill Relative Strength | 72.33 | POSITIVE | NVRO has a high relative strength, it outperformed 72.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NVRO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.9 | NEUTRAL | The RSI value for NVRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NVRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.27 | OVERBOUGHT | The high Stochastics value suggests NVRO may be overbought. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for NVRO suggests low volalility. |
| Average Directional Index/ADX (14) | 37.83 | POSITIVE | The high ADX value value for NVRO suggests a strong trend. |
NVRO Chart- and CandleStick Pattern Analysis
NVRO Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.87 | 5.76 | 0.11 (1.87%) | 25.00% |
| An entry @5.87. This is a Buy Stop order right above the resistance zone. | An exit @5.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.11 points, which is 1.87%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NVRO Technicals: Chart, Performance Metrics, Trend & Indicators
5.84
0 (0%)
NEVRO CORP / NVRO TA FAQ
What is the technical rating for NVRO stock?
ChartMill assigns a technical rating of 7 / 10 to NVRO.
What is the trend direction for NVRO stock?
The current trend direction for NEVRO CORP (NVRO) is Bearish.
Can you provide the RSI signal for NEVRO CORP?
NEVRO CORP (NVRO) has an RSI value of 69.8951. This indicates that the stock is currently neutral.
What is the MACD signal for NEVRO CORP (NVRO) stock?
The MACD indicator for NEVRO CORP (NVRO) has a value of -0.0195537, indicating a bearish trend.