NOVONIX LTD-ADR (NVX) Technical Analysis
NASDAQ:NVX • US67010L1008
Overall NVX gets a technical rating of 0 out of 10. NVX 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.
- 88% of all other stocks performed better in the past year than NVX.
- NVX is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 77% of 124 stocks in the same industry do better.
- NVX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NVX is lagging the market.
- In the last month NVX has a been trading in the 0.82 - 1.01 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.
- NVX has an average volume of 1125850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
The technical rating of NVX is bad and it also does not present a quality setup 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
0.82
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.90 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 12.8 | NEGATIVE | NVX has a low relative strength, it was outperformed by 87.2% 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) | 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) | 37.91 | NEUTRAL | The RSI value for NVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NVX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.79 | NEUTRAL | The Stochastics value for NVX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.94 | HIGH VOLATILITY | The high ATR as a percentage value for NVX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.76 | NEGATIVE | The low ADX value for NVX suggests a weak or negative trend. |
NVX Technicals: Chart, Performance Metrics, Trend & Indicators
0.8257
-0.04 (-4.54%)
NOVONIX LTD-ADR / NVX FAQ
What is the ChartMill technical rating of NOVONIX LTD-ADR (NVX) stock?
ChartMill assigns a technical rating of 0 / 10 to NVX.
Can you provide the trend direction for NOVONIX LTD-ADR?
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 37.9132. This indicates that the stock is currently neutral.
What is the short term momentum for NVX stock?
The short term momentum for NOVONIX LTD-ADR (NVX) is negative.
What are the support and resistance levels for NOVONIX LTD-ADR (NVX) stock?
NOVONIX LTD-ADR (NVX) has a resistance level at 0.9. Check the full technical report for our detailed analysis of NVX support and resistance levels.