NOVARTIS AG-SPONSORED ADR (NVS)       74.65  +0.04 (+0.05%)

74.65  +0.04 (+0.05%)

US66987V1098 - ADR - Premarket: 75.9 +1.25 (+1.67%)

Technical Rating

1

Overall NVS gets a technical rating of 1 out of 10. NVS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



NVS is part of the Pharmaceuticals industry. There are 258 other stocks in this industry. NVS outperforms 77% of them.
NVS has an average volume of 2175420 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 61% of them, which is more or less in line with the market.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
NVS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month NVS has a been trading in the 74.09 - 84.22 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -9.24% -11.51% -14.87% -8.97% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 61.78 74.09 - 94.26
NVS Weekly chart
NVS Daily chart

Support/Resistance Analysis


73.90

93.94
4 important resistance areas can be observed.
  • A resistance zone ranging from 81.49 to 81.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 83.08 to 85.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 90.55 to 91.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Resistance @93.01 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

2

The technical rating of NVS is bad and it also does not present a 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 ADR74.65

NYSE:NVS (9/27/2022, 7:05:57 PM)+0.04 (+0.05%)

Premarket: 75.9 +1.25 (+1.67%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Pharmaceuticals
Performance
Today 0.05% 1 Week -6.2%
2 Weeks -8.91% 1 Month -9.24%
3 Month -11.51% 6 Month -14.87%
Volatility
ATR(14) 1.41 ATR(20)% 1.86%
ATR Inc 26.57% Range Today 1.52
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 61.78 Mansfield 0.27
10 Day High 81.84 10 Day Low 74.09
20 Day High 84.22 20 Day Low 74.09
52 Week High 94.26 52 Week Low 74.09
CS1 End N/A CR1 Start 81.49
Volume & EV
DER(3) -4.01% DER(5) -1.06%
Volume 3.05M Volume Incr 17.05%
Vol(5) 2.89M Vol(50) 2.18M

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