NOVARTIS AG-SPONSORED ADR (NVS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NVS - US66987V1098 - ADR
We assign a technical rating of 10 out of 10 to NVS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVS is showing a nice and steady performance.
NVS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 132.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 132.39, a Stop Loss order could be placed below this zone.
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101.18
When analyzing the support we can see 4 important areas.
- A support zone ranging from 126.17 to 132.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 121.79 to 122.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 113.21 to 114.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @102.20 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 132.58 to 133.73. 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 | UP | POSITIVE | The long term trend for NVS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVS is up. |
| ChartMill Relative Strength | 84.85 | POSITIVE | NVS has a high relative strength, it outperformed 84.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVS is above 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) | 57.68 | NEUTRAL | The RSI value for NVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests NVS has a positive trend. |
| Stochastics (14,3) | 76.07 | NEUTRAL | The Stochastics value for NVS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for NVS suggests low volalility. |
| Average Directional Index/ADX (14) | 13.24 | NEGATIVE | The low ADX value for NVS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 133.74 | 128.90 | 4.84 (3.62%) | 25.00% |
| An entry @133.74. This is a Buy Stop order right above the resistance zone. | An exit @128.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.84 points, which is 3.62%. | For a 0.90% 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.
132.57
+0.21 (+0.16%)
NOVARTIS AG-SPONSORED ADR / NVS FAQ
What is the ChartMill technical rating of NOVARTIS AG-SPONSORED ADR (NVS) stock?
ChartMill assigns a technical rating of 10 / 10 to NVS.
Can you provide the trend direction for NOVARTIS AG-SPONSORED ADR?
The current trend direction for NOVARTIS AG-SPONSORED ADR (NVS) is Bullish.
What is the RSI signal for NOVARTIS AG-SPONSORED ADR (NVS) stock?
NOVARTIS AG-SPONSORED ADR (NVS) has an RSI value of 57.6826. This indicates that the stock is currently neutral.
What is the MACD signal for NOVARTIS AG-SPONSORED ADR (NVS) stock?
The MACD indicator for NOVARTIS AG-SPONSORED ADR (NVS) has a value of 0.153259, indicating a bearish trend.
Can you provide the support and resistance levels for NOVARTIS AG-SPONSORED ADR?
NOVARTIS AG-SPONSORED ADR (NVS) has a support level at 132.39 and a resistance level at 132.58. Check the full technical report for our detailed analysis of NVS support and resistance levels.