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(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 2024-11-06 View latest technical analysis

10 day averaged volume of Novo Nordisk is 6282230

Date Daily Closing Price Open High Low Volume
06 Wed Nov 2024 105.36 108.27 108.75 105.03 1.917 times
05 Tue Nov 2024 110.13 107.97 110.30 107.75 1.051 times
04 Mon Nov 2024 109.72 110.19 110.66 109.44 0.989 times
01 Fri Nov 2024 111.94 112.88 113.02 111.79 0.725 times
31 Thu Oct 2024 111.95 110.21 112.16 109.63 1.346 times
30 Wed Oct 2024 113.24 108.89 113.76 107.24 1.768 times
29 Tue Oct 2024 111.98 111.62 113.27 111.15 1.312 times
28 Mon Oct 2024 112.36 112.41 112.72 111.67 0.853 times
25 Fri Oct 2024 113.38 113.90 114.19 113.10 0.727 times
24 Thu Oct 2024 113.92 115.21 115.26 113.91 0.716 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 106.4, for a target of 110.9 or 114.65

Share price targets for Novo Nordisk (NVO)

Target Type Value
Downside Target 105.03
Upside Target 107.24
Upside Target 110.66
Upside Target 113.02
Upside Target 118.80
Upside Target 120.47
Upside Target 120.56
Upside Target 126.35
Upside Target 138.62
Upside Target 139.74
Upside Target 145.99

Intraday share price targets for Novo Nordisk (NVO)

Target Type Value
Downside Intraday Target 103.37
Downside Intraday Target 101.39
Upside Intraday Target 109
Upside Intraday Target 112.65
Upside Intraday Target 107.02

Weekly technical analysis of Novo Nordisk (NVO)

Date Weekly Closing Price Open High Low Volume
06 Wed Nov 2024 105.36 110.19 110.66 105.03 0.659 times
01 Fri Nov 2024 111.94 112.41 113.76 107.24 1.867 times
25 Fri Oct 2024 113.38 117.95 117.96 113.10 1.32 times
18 Fri Oct 2024 118.09 119.60 120.47 116.44 0.803 times
11 Fri Oct 2024 120.04 117.14 120.56 115.82 0.695 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
06 Wed Nov 2024 105.36 112.88 113.02 105.03 0.272 times
31 Thu Oct 2024 111.95 118.79 120.56 107.24 1.38 times
30 Mon Sep 2024 119.07 138.56 138.62 117.49 0.848 times
30 Fri Aug 2024 139.16 132.05 139.74 118.80 0.942 times

Scroll below to view daily charts

Price has moved down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 to mid 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 mid to longer 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.

ADX buy sell signal for Novo Nordisk stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Novo Nordisk in short term and the sell signal is strong.

Novo Nordisk Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 110.93 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 negative.

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 to mid 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 mid to longer 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.

ADX buy sell signal for Novo Nordisk stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Novo Nordisk in short term and the sell signal is strong.

Novo Nordisk Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 110.93 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Daily charts

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