We assign a technical rating of 0 out of 10 to NVX. NVX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
NVX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NVX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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We found 1 important support area.
- A support zone ranging from 1.01 to 1.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.18 to 1.18. 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 | DOWN | NEGATIVE | The long term trend for NVX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVX is down. |
| ChartMill Relative Strength | 12.48 | NEGATIVE | NVX has a low relative strength, it was outperformed by 87.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVX is below a declining 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) | 42.97 | NEUTRAL | The RSI value for NVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NVX has a positive trend. |
| Stochastics (14,3) | 60.71 | NEUTRAL | The Stochastics value for NVX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.91 | HIGH VOLATILITY | The high ATR as a percentage value for NVX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.83 | NEGATIVE | The low ADX value for NVX suggests a weak or negative trend. |
1.13
-0.01 (-0.88%)
NOVONIX LTD-ADR / NVX FAQ
Can you provide the ChartMill technical rating for NOVONIX LTD-ADR?
ChartMill assigns a technical rating of 0 / 10 to NVX.
What is the trend direction for NVX stock?
The current trend direction for NOVONIX LTD-ADR (NVX) is Bearish.
What is the RSI signal for NOVONIX LTD-ADR (NVX) stock?
NOVONIX LTD-ADR (NVX) has an RSI value of 42.9659. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NOVONIX LTD-ADR?
The MACD indicator for NOVONIX LTD-ADR (NVX) has a value of 0.0274183, indicating a bearish trend.
Can you provide the support and resistance levels for NOVONIX LTD-ADR?
NOVONIX LTD-ADR (NVX) has a support level at 1.02 and a resistance level at 1.18. Check the full technical report for our detailed analysis of NVX support and resistance levels.