NOVARTIS AG-SPONSORED ADR (NVS)

US66987V1098 - ADR

99.37  +0.46 (+0.47%)

After market: 99.69 +0.32 (+0.32%)

Technical Rating

5

Overall NVS gets a technical rating of 5 out of 10. In the last year, NVS was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.



The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
NVS is part of the Pharmaceuticals industry. There are 249 other stocks in this industry. NVS outperforms 77% of them.
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 2176200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NVS did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month NVS has a been trading in the 95.34 - 105.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months -5.11% 23.18% 9.26% 16.82% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 89.22 74.09 - 105.56
NVS Weekly chart
NVS Daily chart

Support/Resistance Analysis


82.80

105.96
We found 2 important support areas.
  • A support zone ranging from 96.25 to 98.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 83.64 to 83.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 104.72 to 104.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

NVS has an average technical rating and it also does not offer a high quality setup 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.


NVS Daily chart

NOVARTIS AG-SPONSORED ADR

NYSE:NVS (6/5/2023, 7:25:24 PM)

After market: 99.69 +0.32 (+0.32%)

99.37

+0.46 (+0.47%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.47%
1 Week1.54%
2 Weeks-1.43%
1 Month-5.11%
3 Month23.18%
6 Month9.26%
12 Month16.82%
Volatility
ATR(14)1.34
ATR(20)%1.24%
ATR Inc15.88%
Range Today0.81
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.22
Mansfield0.55
10 Day High102
10 Day Low95.34
20 Day High105.35
20 Day Low95.34
52 Week High105.56
52 Week Low74.09
CS1 End98.75
CR1 Start104.72
Volume & EV
DER(3)3.74%
DER(5)2.25%
Volume2.43M
Volume Incr59.47%
Vol(5)2.82M
Vol(50)2.18M
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