INVITAE CORP (NVTA) Stock Technical Analysis
NYSE:NVTA - New York Stock Exchange, Inc. - US46185L1035 - Common Stock - Currency: USD
Taking everything into account, NVTA scores 0 out of 10 in our technical rating. NVTA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than NVTA.
NVTA is one of the lesser performing stocks in the Health Care Providers & Services industry. 92% of 102 stocks in the same industry do better.
NVTA is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so NVTA is lagging the market.
In the last month NVTA has a been trading in the 0.08 - 0.58 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
NVTA has an average volume of 8890140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of NVTA is bad and it also does not present a 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
0.09
0.09
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 | DOWN | NEGATIVE | The long term trend for NVTA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVTA is down. |
| ChartMill Relative Strength | 0.4 | NEGATIVE | NVTA has a low relative strength, it was outperformed by 99.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVTA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVTA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 18.07 | OVERSOLD | The low RSI value suggests NVTA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NVTA has a negative trend. |
| Stochastics (14,3) | 10.63 | OVERSOLD | The low Stochastics value suggests NVTA may be oversold. |
| Average True Range in percent/ATR (20) | 61.57 | HIGH VOLATILITY | The high ATR as a percentage value for NVTA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.16 | POSITIVE | The high ADX value value for NVTA suggests a strong 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)
NYSE:NVTA (2/5/2024, 7:40:05 PM)
0.0891
-0.3 (-77.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-77.12%
1 Week-80.31%
2 Weeks-79.19%
1 Month-82.72%
3 Month-81.04%
6 Month-91.67%
12 Month-95.72%
2 Year-99.17%
3 Year-99.78%
5 Year-99.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%61.57%
ATR Inc310.58%
Range Today0.31
ADR(20)0.05
ADR(20)%61.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.4
Mansfield-9.21
10 Day High0.45
10 Day Low0.08
20 Day High0.58
20 Day Low0.08
52 Week High2.34
52 Week Low0.08
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-6.64%
DER(5)-10.02%
Volume94.20M
Volume Incr284.01%
Vol(5)23.48M
Vol(50)8.89M