Taking everything into account, NVVE scores 1 out of 10 in our technical rating. NVVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NVVE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.23, a Stop Loss order could be placed below this zone.
More info and screens
0.17
2 important support areas can be observed.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.17 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @0.27 from a horizontal line in the weekly time frame.
- Resistance @0.30 from a trend line in the daily time frame.
- Resistance @0.38 from a trend line in the daily time frame.
- Resistance @0.41 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 | DOWN | NEGATIVE | The long term trend for NVVE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVVE is neutral. |
| ChartMill Relative Strength | 1.75 | NEGATIVE | NVVE has a low relative strength, it was outperformed by 98.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NVVE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.28 | NEUTRAL | The RSI value for NVVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NVVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 21.74 | NEUTRAL | The Stochastics value for NVVE is a neutral value. |
| Average True Range in percent/ATR (20) | 31.78 | HIGH VOLATILITY | The high ATR as a percentage value for NVVE suggests high volalility. |
| Average Directional Index/ADX (14) | 33.95 | POSITIVE | The high ADX value value for NVVE suggests a strong trend. |
0.2364
-0.02 (-7.58%)
NUVVE HOLDING CORP / NVVE FAQ
What is the technical rating for NVVE stock?
ChartMill assigns a technical rating of 1 / 10 to NVVE.
Can you provide the trend direction for NUVVE HOLDING CORP?
The current trend direction for NUVVE HOLDING CORP (NVVE) is Bearish.
Can you provide the RSI signal for NUVVE HOLDING CORP?
NUVVE HOLDING CORP (NVVE) has an RSI value of 50.2794. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NUVVE HOLDING CORP?
The short term momentum for NUVVE HOLDING CORP (NVVE) is neutral.
What are the support and resistance levels for NUVVE HOLDING CORP (NVVE) stock?
NUVVE HOLDING CORP (NVVE) has a support level at 0.23 and a resistance level at 0.27. Check the full technical report for our detailed analysis of NVVE support and resistance levels.