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.
- 89% of all other stocks performed better in the past year than NVX.
- NVX is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry, of which 81% are performing better than NVX.
- NVX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month NVX has a been trading in the 0.83 - 1.57 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 1347010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
0.90
We can see 2 important resistance areas.
- Resistance @1.04 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.12 to 1.13. 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 | 11.38 | NEGATIVE | NVX has a low relative strength, it was outperformed by 88.62% 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) | 36.19 | NEUTRAL | The RSI value for NVX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NVX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.33 | OVERSOLD | The low Stochastics value suggests NVX may be oversold. |
| Average True Range in percent/ATR (20) | 9.21 | HIGH VOLATILITY | The high ATR as a percentage value for NVX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.84 | NEUTRAL | The ADX value for NVX suggests a possible start of a new trend. |
0.91
+0.04 (+4.6%)
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 36.1922. 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 1.04. Check the full technical report for our detailed analysis of NVX support and resistance levels.