NVO Technical Signal Analysis
NVO have 4 buy signals and 4 sell signals now. The current trend is downtrend starting from 2025-02-25. The total price change during this trend is -17.77%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of NVO over last 5 trading day is $665,548,044.17
4 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
5.25
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-151.21
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
Bullish
Williams %R (14 days)
WILLR_14 < -80
-95.05
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-3.54
Bearish
Momentum (10 days)
MOM_10 < 0
-14.76
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-1.42
Bearish
Closing price
close < fibonacci_S1
74.79
Bearish
4 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
5.25
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-151.21
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
Bullish
Williams %R (14 days)
WILLR_14 < -80
-95.05
Bullish
NVO Support and Resistance Level
The support levels for NVO are at 76.81, 72.54, and 65.62, while the resistance levels are at 90.64, 94.91, and 101.82. With the current stock price at 75.5699, it is leaning more toward the support levels.
NVO Technical Analysis
Comprehensive Technical Analysis of NVO Stock
Current Price and Technical Indicators
As of the latest data, NVO is trading at $87.60. Below is a detailed analysis of the technical indicators:
- RSI (14): 50.04 (Neutral)
- MACD: 0.82 (Bullish)
- Stochastic Oscillator: 68.23 (Upper Range)
- Bollinger Bands:
- 20-day Moving Average: $86.20
- Upper Band: $97.95
- Lower Band: $74.45
Fibonacci Levels
- Pivot Point: $89.84
- Resistance Levels:
- R1: $92.69
- R2: $94.46
- Support Levels:
- S1: $86.99
- S2: $85.22
Moving Averages
- 20-day SMA: $88.77
- 50-day SMA: $89.39
- 200-day SMA: $115.39
Bollinger Bands Analysis
NVO is currently near the lower end of the Bollinger Bands, suggesting potential volatility and a possible bounce.
News Sentiment and Analyst Ratings
- Health Care Sector: Recent declines in the health care sector, including NVO, have been noted.
- Product Launches: Novo Nordisk has launched a new pharmacy to counter compounding pharmacies, maintaining market share.
- Analyst Ratings: Moderate Buy consensus with a 24.7% upside potential.
Conclusion
Based on the analysis, NVO is near strong support levels with bullish MACD and neutral RSI. Recent news and analyst optimism suggest a potential upside.
Recommendation:
Buy NVO at $87.60 with a target price of $92.69 and a stop-loss at $86.35.
NVO FAQs
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NVO Buy or Sell
NVO has 4 buy signals and 4 sell signals now. Overall the technical rating for NVO is Neutral.
Neutral
Sell
4
Buy
4
NVO Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 75.5699 below the SMA_5. In the short term, the stock shows a negative trend with the 81.41 below the SMA_20. In the mid term, the stock shows a negative trend with the 85.09 below the SMA_60. In the long term, the stock shows a positive trend with the 87.1 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about NVO's current trend?What are NVO's key support and resistance levels?