(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.
Showing technical analysis as on 2024-02-29 View latest technical analysis
10 day averaged volume of Novo Nordisk is 4875650
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Thu Feb 2024 | 119.77 | 120.11 | 120.28 | 118.91 | 1.124 times |
| 28 Wed Feb 2024 | 121.54 | 121.96 | 122.15 | 120.93 | 0.631 times |
| 27 Tue Feb 2024 | 122.23 | 119.97 | 122.56 | 119.79 | 1.566 times |
| 26 Mon Feb 2024 | 123.49 | 123.20 | 124.17 | 122.79 | 0.913 times |
| 23 Fri Feb 2024 | 123.45 | 123.67 | 124.17 | 122.91 | 0.771 times |
| 22 Thu Feb 2024 | 124.52 | 123.07 | 124.87 | 123.01 | 0.736 times |
| 21 Wed Feb 2024 | 120.93 | 119.00 | 120.99 | 118.30 | 0.845 times |
| 20 Tue Feb 2024 | 121.45 | 124.62 | 124.76 | 120.72 | 1.04 times |
| 16 Fri Feb 2024 | 124.01 | 121.83 | 124.64 | 121.55 | 1.356 times |
| 15 Thu Feb 2024 | 121.75 | 122.78 | 123.15 | 121.09 | 0.977 times |
My analysis of stock is bearish for shortterm, and stock might move down till 117.8 or till 114.5. Use a stoploss of 120.53 and if the stock hits stoploss, then it can shoot up till 123.28
Share price targets for Novo Nordisk (NVO)
| Target Type | Value |
| Downside Target | 86.96 |
| Downside Target | 94.73 |
| Downside Target | 101.71 |
| Downside Target | 104.00 |
| Downside Target | 113.24 |
| Downside Target | 116.12 |
| Downside Target | 118.91 |
| Downside Target | 119.29 |
| Upside Target | 121.65 |
| Upside Target | 124.17 |
| Upside Target | 124.64 |
| Upside Target | 124.87 |
Intraday share price targets for Novo Nordisk (NVO)
| Target Type | Value |
| Downside Intraday Target | 117.73 |
| Downside Intraday Target | 115.69 |
| Upside Intraday Target | 122.99 |
| Upside Intraday Target | 126.21 |
| Upside Intraday Target | 120.95 |
Weekly technical analysis of Novo Nordisk (NVO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Thu Feb 2024 | 119.77 | 123.20 | 124.17 | 118.91 | 1.248 times |
| 23 Fri Feb 2024 | 123.45 | 124.62 | 124.87 | 118.30 | 0.643 times |
| 16 Fri Feb 2024 | 124.01 | 120.42 | 124.64 | 119.29 | 0.829 times |
| 09 Fri Feb 2024 | 121.20 | 116.39 | 121.65 | 116.27 | 0.921 times |
| 02 Fri Feb 2024 | 113.70 | 108.13 | 116.12 | 107.70 | 1.538 times |
Price has moved down 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 |
| 29 Thu Feb 2024 | 119.77 | 114.00 | 124.87 | 113.24 | 1.063 times |
| 31 Wed Jan 2024 | 114.74 | 101.71 | 116.12 | 101.71 | 1.318 times |
| 29 Fri Dec 2023 | 103.45 | 101.10 | 104.99 | 94.73 | 0.758 times |
| 30 Thu Nov 2023 | 101.84 | 97.41 | 105.69 | 96.00 | 0.83 times |
Scroll below to view daily charts
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)
Price action analysis of Novo Nordisk ( (NVO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Novo Nordisk ( (NVO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Novo Nordisk ( (NVO) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Novo Nordisk ( (NVO) ) based on a mid to longer 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.
ADX buy sell signal for Novo Nordisk stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Novo Nordisk in short term but the sell signal is initial and weak.
Novo Nordisk Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Novo Nordisk in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 122.29 and Novo Nordisk (NVO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.
Price action analysis of Novo Nordisk ( (NVO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Novo Nordisk ( (NVO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Novo Nordisk ( (NVO) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Novo Nordisk ( (NVO) ) based on a mid to longer 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.
ADX buy sell signal for Novo Nordisk stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Novo Nordisk in short term but the sell signal is initial and weak.
Novo Nordisk Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Novo Nordisk in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 122.29 and Novo Nordisk (NVO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.