Taking everything into account, NVAX scores 1 out of 10 in our technical rating. NVAX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NVAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.06. Right above this resistance zone may be a good entry point.
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3 important support areas can be observed.
- A support zone ranging from 6.59 to 6.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.21 to 6.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 7.06 to 7.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.07 from a trend line in the weekly time frame.
- Resistance @8.63 from a trend line in the weekly time frame.
- Resistance @9.31 from a horizontal line in the weekly time frame.
- Resistance @9.71 from a horizontal line 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 NVAX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVAX is down. |
| ChartMill Relative Strength | 13.59 | NEGATIVE | NVAX has a low relative strength, it was outperformed by 86.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NVAX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.06 | NEUTRAL | The RSI value for NVAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NVAX has a positive trend. |
| Stochastics (14,3) | 38.71 | NEUTRAL | The Stochastics value for NVAX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for NVAX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.59 | NEUTRAL | The ADX value for NVAX suggests a possible start of a new trend. |
6.66
-0.02 (-0.3%)
NOVAVAX INC / NVAX FAQ
Can you provide the ChartMill technical rating for NOVAVAX INC?
ChartMill assigns a technical rating of 1 / 10 to NVAX.
Can you provide the trend direction for NOVAVAX INC?
The current trend direction for NOVAVAX INC (NVAX) is Bearish.
What is the RSI signal for NOVAVAX INC (NVAX) stock?
NOVAVAX INC (NVAX) has an RSI value of 43.0576. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NOVAVAX INC?
The short term momentum for NOVAVAX INC (NVAX) is negative.
Can you provide the buy/sell signal for NOVAVAX INC?
The buy/sell signal for NOVAVAX INC (NVAX) is sell as both the short term and long term trends are negative.