(NVO) Novo Nordisk complete technical analysis [charts+indicators] | Buy/Sell Novo Nordisk | (NVO) share price targets
Complete technical analysis of Novo Nordisk (NVO) by charts plus indicators, forecast predictions and share price targets for Novo Nordisk (NVO)
Novo Nordisk trades in USA in Health Care sector.
10 day averaged volume of Novo Nordisk is 3411679
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 136.04 | 134.50 | 136.70 | 134.22 | 0.834 times |
| 23 Thu May 2024 | 135.57 | 136.46 | 137.22 | 135.00 | 1.281 times |
| 22 Wed May 2024 | 134.03 | 133.60 | 134.65 | 132.77 | 0.786 times |
| 21 Tue May 2024 | 135.16 | 133.36 | 135.48 | 133.32 | 1.043 times |
| 20 Mon May 2024 | 132.91 | 131.45 | 133.62 | 131.00 | 0.705 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 134.3, but if it comes below 134.3, then a intra day sell could be more profitable.
If you take a sell trade below 134.3, then use 134.3 as stoploss and 130.29 as target. However if you take a buy trade in stock , then use 134.3 as stoploss and 139 as target.
Share price targets for Novo Nordisk (NVO)
| Target Type | Value |
| Downside Target | 101.71 |
| Downside Target | 113.24 |
| Downside Target | 116.12 |
| Downside Target | 121.29 |
| Downside Target | 128.76 |
| Downside Target | 130.46 |
| Downside Target | 131.00 |
| Downside Target | 134.79 |
| Upside Target | 137.22 |
| Upside Target | 138.28 |
Intraday share price targets for Novo Nordisk (NVO)
| Target Type | Value |
| Downside Intraday Target | 132.29 |
| Downside Intraday Target | 128.53 |
| Upside Intraday Target | 138.51 |
| Upside Intraday Target | 140.97 |
| Downside Intraday Target | 134.75 |
Weekly technical analysis of Novo Nordisk (NVO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 136.04 | 131.45 | 137.22 | 131.00 | 0.869 times |
| 17 Fri May 2024 | 131.89 | 131.47 | 134.79 | 130.40 | 1.054 times |
| 10 Fri May 2024 | 128.42 | 122.00 | 130.27 | 121.78 | 0.585 times |
| 03 Fri May 2024 | 123.05 | 127.32 | 130.46 | 121.29 | 1.701 times |
| 26 Fri Apr 2024 | 126.85 | 122.59 | 128.76 | 122.57 | 1.021 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Novo Nordisk (NVO)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 24 Fri May 2024 | 136.04 | 127.80 | 137.22 | 121.29 | 0.895 times |
| 30 Tue Apr 2024 | 128.31 | 129.11 | 130.46 | 121.79 | 0.678 times |
| 28 Thu Mar 2024 | 128.40 | 122.80 | 138.28 | 122.25 | 1.106 times |
| 29 Thu Feb 2024 | 119.77 | 114.00 | 124.87 | 113.24 | 1.102 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Novo Nordisk (NVO)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 38, 17, 38 | Buy |
| MACD | 4, 4 | Buy |
| Stochastics | 82 | Buy |
| CCI | 110 | Sell |
| RSI | 54 | Buy |
| OBV | 24902186 | Sell |
| VWAP | 134 | Buy |
| ADL | 0 | Sell |
| ROC | 6 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Novo Nordisk ( (NVO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Novo Nordisk ( (NVO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Novo Nordisk ( (NVO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Novo Nordisk ( (NVO) ) based on a mid to longer term time period is
ADX buy sell signal for Novo Nordisk stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Novo Nordisk in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Novo Nordisk Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Novo Nordisk in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Novo Nordisk is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 133.87 and Novo Nordisk (NVO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Novo Nordisk (NVO) stock. Volume based technical analysis of Novo Nordisk (NVO) stock is negative.
Novo Nordisk Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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