NOVARTIS AG-SPONSORED ADR (NVS) Stock Technical Analysis
USA - NYSE:NVS - US66987V1098 - ADR
Taking everything into account, NVS scores 7 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.
Although NVS has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
100.88
We found 3 important support areas.
- A support zone ranging from 121.80 to 127.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.87 to 114.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @101.90 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 132.39 to 132.40. 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 | NEUTRAL | NEUTRAL | The short term trend for NVS is neutral. |
| ChartMill Relative Strength | 80.34 | POSITIVE | NVS has a high relative strength, it outperformed 80.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NVS is above 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) | 48.88 | NEUTRAL | The RSI value for NVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests NVS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.47 | NEUTRAL | The Stochastics value for NVS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for NVS suggests low volalility. |
| Average Directional Index/ADX (14) | 20.89 | NEUTRAL | The ADX value for NVS suggests a possible start of a new trend. |
128.01
-3.54 (-2.69%)
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 7 / 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 48.8815. 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 0.414972, 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 127.71 and a resistance level at 132.39. Check the full technical report for our detailed analysis of NVS support and resistance levels.