NOVARTIS AG-SPONSORED ADR (NVS) Technical Analysis
NYSE:NVS • US66987V1098
Current stock price
NVS Technical Rating and Analysis
Taking everything into account, NVS scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- Looking at the yearly performance, NVS did better than 72% of all other stocks. We also observe that the gains produced by NVS over the past year are nicely spread over this period.
- 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.
- In the last month NVS has a been trading in the 145.29 - 156.46 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- NVS has an average volume of 2308690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- NVS is an average performer in the Pharmaceuticals industry, it outperforms 60% of 191 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
NVS Weekly and Daily overview Charts
NVS Setup Rating and Analysis
Although the technical rating is only medium, NVS does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 151.64, a Stop Loss order could be placed below this zone.
More info and screens
NVS Support and Resistance Analysis
135.94
3 important support areas can be observed.
- A support zone ranging from 149.66 to 151.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 146.02 to 146.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 137.31 to 138.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 168.63 to 168.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
NVS 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 | DOWN | NEGATIVE | The short term trend for NVS is down. |
| ChartMill Relative Strength | 72.23 | POSITIVE | NVS has a high relative strength, it outperformed 72.23% 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) | DOWN | NEGATIVE | The current price of NVS is below a declining 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) | 47.05 | NEUTRAL | The RSI value for NVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NVS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.82 | NEUTRAL | The Stochastics value for NVS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for NVS suggests low volalility. |
| Average Directional Index/ADX (14) | 18.12 | NEGATIVE | The low ADX value for NVS suggests a weak or negative trend. |
NVS Chart- and CandleStick Pattern Analysis
NVS 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 |
|---|---|---|---|
| 152.93 | 149.65 | 3.28 (2.15%) | 25.00% |
| An entry @152.93. This is a Buy Stop order right above the 10 day moving average. | An exit @149.65. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.28 points, which is 2.15%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of NVS. Please evaluate whether better entry and exit points can be found.
- 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.
NVS Technicals: Chart, Performance Metrics, Trend & Indicators
151.97
+2.24 (+1.5%)
NOVARTIS AG-SPONSORED ADR / NVS TA FAQ
What is the ChartMill technical rating of NOVARTIS AG-SPONSORED ADR (NVS) stock?
ChartMill assigns a technical rating of 6 / 10 to NVS.
What is the trend direction for NVS stock?
The current trend direction for NOVARTIS AG-SPONSORED ADR (NVS) is Bullish.
Can you provide the RSI signal for NOVARTIS AG-SPONSORED ADR?
NOVARTIS AG-SPONSORED ADR (NVS) has an RSI value of 47.0506. 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 0.0860989, indicating a bearish trend.
What is the short term momentum for NVS stock?
The short term momentum for NOVARTIS AG-SPONSORED ADR (NVS) is negative.