NOVARTIS AG-SPONSORED ADR (NVS) Stock Technical Analysis
NYSE:NVS - New York Stock Exchange, Inc. - US66987V1098 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to NVS. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, NVS did better than 76% of all other stocks.
NVS is part of the Pharmaceuticals industry. There are 195 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 is trading in the upper part of its 52 week range, but not near new highs, so NVS is leading the market.
In the last month NVS has a been trading in the 107.97 - 120.92 range, which is quite wide. It is currently trading near the high of this range.
NVS has an average volume of 1909460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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
98.14
122.10
When analyzing the support we can see 5 important areas.
- A support zone ranging from 115.22 to 115.28. 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 111.68 to 112.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 105.23 to 105.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 101.96 to 101.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @99.13 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 120.89 to 120.89. 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 | UP | POSITIVE | The short term trend for NVS is up. |
| ChartMill Relative Strength | 76.44 | POSITIVE | NVS has a high relative strength, it outperformed 76.44% 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) | 65.35 | NEUTRAL | The RSI value for NVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests NVS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.69 | OVERBOUGHT | The high Stochastics value suggests NVS may be overbought. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for NVS suggests low volalility. |
| Average Directional Index/ADX (14) | 18.14 | NEGATIVE | The low ADX value for NVS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
119.45
-1.32 (-1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.09%
1 Week1.21%
2 Weeks3.19%
1 Month10.13%
3 Month9.53%
6 Month21.44%
12 Month12.99%
2 Year18.37%
3 Year41.31%
5 Year36.76%
10 Year-75.71%
15 Year-50.56%
Volatility
ATR(14)1.55
ATR(20)%1.27%
ATR Inc64.42%
Range Today1.02
ADR(20)1.16
ADR(20)%0.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.44
Mansfield0.45
10 Day High120.92
10 Day Low115.28
20 Day High120.92
20 Day Low107.97
52 Week High120.92
52 Week Low96.06
CS1 End115.28
CR1 Start120.89
Volume & EV
DER(3)1.42%
DER(5)0.6%
Volume1.28M
Volume Incr-30.84%
Vol(5)1.05M
Vol(50)1.91M