NOVARTIS AG-SPONSORED ADR (NVS) Stock Technical Analysis
NYSE:NVS • US66987V1098
Taking everything into account, NVS scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NVS is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, NVS also shows a nice and consistent pattern of rising prices.
- NVS is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. NVS outperforms 75% of them.
- NVS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NVS has a been trading in the 144.45 - 167.86 range, which is quite wide. It is currently trading near the high of this range.
- NVS has an average volume of 1947150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although NVS has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
102.16
4 important support areas can be observed.
- A support zone ranging from 154.38 to 154.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 132.65 to 133.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @122.23 from a horizontal line in the daily time frame.
- Support @103.19 from a trend line in the weekly time frame.
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 | 88.63 | POSITIVE | NVS has a high relative strength, it outperformed 88.63% 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) | 75.16 | OVERBOUGHT | The high RSI value suggests NVS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests NVS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.33 | OVERBOUGHT | The high Stochastics value suggests NVS may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for NVS suggests low volalility. |
| Average Directional Index/ADX (14) | 47.81 | POSITIVE | The high ADX value value for NVS suggests a strong trend. |
163.92
-1.46 (-0.88%)
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.
What is the trend direction for NVS stock?
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 75.1626. This indicates that the stock is currently overbought.
Can you provide the short term momentum for NOVARTIS AG-SPONSORED ADR?
The short term momentum for NOVARTIS AG-SPONSORED ADR (NVS) is positive.
Can you provide the buy/sell signal for NOVARTIS AG-SPONSORED ADR?
The buy/sell signal for NOVARTIS AG-SPONSORED ADR (NVS) is buy as both the short term and long term trends are positive.