NVS Technical Analysis - NOVARTIS AG-SPONSORED ADR

Technical Rating and Analysis

Overall NVS gets a technical rating of 7 out of 10. Although NVS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

In the last month NVS has a been trading in the 122.56 - 130.46 range, which is quite wide. It is currently trading near the lows of this range.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

NVS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVS is lagging the market slightly.

NVS has an average volume of 1574170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, NVS outperforms 50% of them, which is more or less in line with the market.

NVS is an average performer in the Pharmaceuticals industry, it outperforms 56% of 195 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NOVARTIS AG-SPONSORED ADR / NVS Weekly stock chart

NOVARTIS AG-SPONSORED ADR / NVS Daily stock chart

Setup Rating and Analysis

Although NVS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

99.17

131.03

4 important support areas can be observed.

Support @119.25 from a trend line in the weekly time frame.
A support zone ranging from 111.87 to 117.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @109.64 from a trend line in the daily time frame.
Support @100.17 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 129.73 to 129.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for NVS is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NVS is neutral.
ChartMill Relative Strength	50.65	NEUTRAL	NVS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of NVS is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NVS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NVS is above the rising SMA(200).
Relative Strength Index/RSI (14)	47.6	NEUTRAL	The RSI value for NVS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.48	NEGATIVE	The MACD value suggests NVS has a negative trend.
Stochastics (14,3)	29.12	NEUTRAL	The Stochastics value for NVS is a neutral value.
Average True Range in percent/ATR (20)	1.3	LOW VOLATILITY	The low ATR as a percentage value for NVS suggests low volalility.
Average Directional Index/ADX (14)	21.25	NEUTRAL	The ADX value for NVS suggests a possible start of a new trend.