Technical Analysis
Based on recent price action, NVS shows a bullish trend in the short term, with the stock closing at $99.97 on January 24, 2025. The stock has formed higher lows and higher highs over the past few trading sessions.
Key technical levels:
The RSI reading of 52.60 indicates neutral momentum, suggesting room for further upside. The MACD indicator shows a value of -0.35, indicating some bearish divergence that needs to be monitored.
News Analysis
Recent positive catalysts include:
However, there are some concerns:
Price Forecast for Next Week
Based on technical analysis and news sentiment:
Trading Recommendation
SELL with target entry at current levels ($99.97):
Rationale:
The stock is likely to experience some profit-taking after the recent uptrend, providing a short-term trading opportunity to the downside.
The price of NVS is predicted to go up -19.33%, based on the high correlation periods with CMRE. The similarity of these two price pattern on the periods is 95.16%.
NVS
CMRE
Year
NVS Price Forecast($)
Potential Return(%)
2025
98.040
0.410
2026
110.000
12.660
2027
120.000
22.900
2028
130.000
33.140
2029
140.000
43.300
2030
140.000
43.300
Novartis' solid late-stage pipeline should propel long-term growth. The company should launch several new drugs during the next several years in critical therapeutic areas such as rare diseases and oncology.
Novartis recently divested its Roche share, yielding over $20 billion, which provides the firm with increased options to re-deploy capital including share buybacks.
Novartis' research and development focuses on areas of unmet medical need, which should yield several innovative therapies with strong pricing power.
Erste Group
Price Target
n/a
Upside
0%