Taking everything into account, NVVE scores 0 out of 10 in our technical rating. NVVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of NVVE 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.
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3.69
When analyzing the resistance we notice one important area.
- Resistance @6.40 from a trend line in the weekly 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 NVVE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVVE is down. |
| ChartMill Relative Strength | 1.11 | NEGATIVE | NVVE has a low relative strength, it was outperformed by 98.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVVE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVVE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.61 | NEUTRAL | The RSI value for NVVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests NVVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.32 | OVERSOLD | The low Stochastics value suggests NVVE may be oversold. |
| Average True Range in percent/ATR (20) | 37.28 | HIGH VOLATILITY | The high ATR as a percentage value for NVVE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.61 | NEUTRAL | The ADX value for NVVE suggests a possible start of a new trend. |
3.73
-0.34 (-8.35%)
NUVVE HOLDING CORP / NVVE FAQ
What is the technical rating for NVVE stock?
ChartMill assigns a technical rating of 0 / 10 to NVVE.
Can you provide the trend direction for NUVVE HOLDING CORP?
The current trend direction for NUVVE HOLDING CORP (NVVE) is Bearish.
Can you provide the RSI signal for NUVVE HOLDING CORP?
NUVVE HOLDING CORP (NVVE) has an RSI value of 35.6123. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NUVVE HOLDING CORP?
The short term momentum for NUVVE HOLDING CORP (NVVE) is negative.
What are the support and resistance levels for NUVVE HOLDING CORP (NVVE) stock?
NUVVE HOLDING CORP (NVVE) has a resistance level at 6.4. Check the full technical report for our detailed analysis of NVVE support and resistance levels.