NOVONIX LTD-ADR (NVX) Stock Technical Analysis
NASDAQ:NVX - Nasdaq - US67010L1008 - ADR - Currency: USD
Taking everything into account, NVX scores 4 out of 10 in our technical rating. NVX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, NVX is a bad performer in the overall market: 86% of all stocks are doing better.
NVX is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 72% of 124 stocks in the same industry do better.
NVX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NVX has a been trading in the 1.15 - 2.04 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Although the technical rating is only medium, NVX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.17, a Stop Loss order could be placed below this zone.
More info and screens
1.06
1.81
3 important support areas can be observed.
- A support zone ranging from 1.17 to 1.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.10 from a trend line in the weekly time frame.
- Support @1.07 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.38 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.48 from a trend line in the weekly time frame.
- Resistance @1.72 from a trend line in the daily time frame.
- Resistance @1.79 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for NVX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVX is neutral. |
| ChartMill Relative Strength | 14.2 | NEGATIVE | NVX has a low relative strength, it was outperformed by 85.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.91 | NEUTRAL | The RSI value for NVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NVX has a negative trend. |
| Stochastics (14,3) | 48.03 | NEUTRAL | The Stochastics value for NVX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.7 | HIGH VOLATILITY | The high ATR as a percentage value for NVX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.46 | NEGATIVE | The low ADX value for NVX 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)
1.295
-0.07 (-5.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-5.13%
1 Week2.78%
2 Weeks8.37%
1 Month-12.5%
3 Month-11.3%
6 Month-10.07%
12 Month-17.78%
2 Year-50.57%
3 Year-80.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%11.7%
ATR Inc42.95%
Range Today0.07
ADR(20)0.13
ADR(20)%9.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.2
Mansfield-2.06
10 Day High1.45
10 Day Low1.15
20 Day High2.04
20 Day Low1.15
52 Week High2.73
52 Week Low0.81
CS1 End1.17
CR1 Start1.38
Volume & EV
DER(3)-0.74%
DER(5)-1.51%
Volume174.50K
Volume Incr-42.97%
Vol(5)226.98K
Vol(50)211.02K