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 7 out of 10 to NVS. Although NVS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
NVS is part of the Pharmaceuticals industry. There are 198 other stocks in this industry. NVS outperforms 82% of them.
In the last month NVS has a been trading in the 104.93 - 114.88 range, which is quite wide. It is currently trading near the high of this range.
NVS has an average volume of 2348660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NVS is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
NVS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVS is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
NVS has an excellent technical rating, but the quality of the setup is only medium 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
93.78
118.35
5 important support areas can be observed.
- A support zone ranging from 109.93 to 110.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @104.23 from a trend line in the daily time frame.
- Support @98.88 from a trend line in the weekly time frame.
- A support zone ranging from 96.77 to 97.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @94.73 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 113.21 to 113.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 115.28 to 117.18. 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 | 78.77 | POSITIVE | NVS has a high relative strength, it outperformed 78.77% 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) | 56.67 | NEUTRAL | The RSI value for NVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests NVS has a positive trend. |
| Stochastics (14,3) | 83.46 | OVERBOUGHT | The high Stochastics value suggests NVS may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for NVS suggests low volalility. |
| Average Directional Index/ADX (14) | 13.44 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 113.41 | 109.92 | 3.49 (3.08%) | 25.00% |
| An entry @113.41. This is a Buy Stop order right above the resistance zone. | An exit @109.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.49 points, which is 3.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
112.75
+0.25 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.22%
1 Week2.88%
2 Weeks3.73%
1 Month0.54%
3 Month3.11%
6 Month8.12%
12 Month12.16%
2 Year17.14%
3 Year23.98%
5 Year28.96%
10 Year-78.05%
15 Year-49.9%
Volatility
ATR(14)2.03
ATR(20)%1.85%
ATR Inc-49.23%
Range Today0.99
ADR(20)1.64
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.77
Mansfield0.18
10 Day High113.67
10 Day Low104.93
20 Day High114.88
20 Day Low104.93
52 Week High120.92
52 Week Low96.06
CS1 End110.96
CR1 Start113.21
Volume & EV
DER(3)0.17%
DER(5)0.92%
Volume898.90K
Volume Incr-33.7%
Vol(5)1.30M
Vol(50)2.35M