Technical analysis for nvax
7/15/2024 08:47am
Here is the technical analysis for Novavax (NVAX) as of July 12, 2024:
1. **RSI**: The Relative Strength Index (RSI) for NVAX is at 59.06, which is near the midpoint of the 30-70 range. This suggests that the stock is neither overbought nor oversold, indicating a balanced buying pressure.
|Ticker|Name|RSI|Date|code|market_code|
|---|---|---|---|---|---|
|NVAX.O|Novavax|59.0605|20240712|NVAX|185|
2. **MACD**: The Moving Average Convergence Divergence (MACD) is -0.3, indicating a bearish momentum as the MACD is below the signal line. This could imply a potential downward trend in the short term.
|Ticker|Name|MACD|Date|code|market_code|
|---|---|---|---|---|---|
|NVAX.O|Novavax|-0.3018|20240712|NVAX|185|
3. **KDJ**: The KDJ indicator shows a value of 71.43, which is in the overbought territory. This suggests that the stock may be due for a pullback or consolidation in the short term.
|Ticker|Name|KDJ|Date|code|market_code|
|---|---|---|---|---|---|
|NVAX.O|Novavax|71.4309|20240712|NVAX|185|
4. **Support and Resistance Levels**: The support level is at $13, and the resistance level is at $13.86. These levels can act as psychological barriers, where the stock may face selling pressure above the resistance and buying support below the support.
|Ticker|Name|Support Level|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|---|
|NVAX.O|Novavax|13.0000|13.8600|20240712|NVAX|185|
5. **Moving Averages**: The 5-Day Moving Average is $12.38, the 10-Day Moving Average is $12.47, and the 20-Day Moving Average is $13.2. The stock is trading above the 5-Day and 10-Day Moving Averages but below the 20-Day Moving Average, indicating a short-term upward trend but a potential need to consolidate or correct.
|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|NVAX.O|Novavax|12.3820|13.2013|12.4720|20240712|NVAX|185|
6. **Fibonacci Retracement**: The 0.382 Fibonacci Retracement is at $8.2, and the 0.618 Fibonacci Retracement is at $10.3. These levels can act as potential support and resistance levels, respectively, based on the stock's performance over the past year.
In conclusion, NVAX shows signs of a balanced buying pressure but with potential bearish momentum and overbought conditions. The stock is trading above short-term moving averages but below the 20-Day Moving Average, suggesting a need for consolidation. Investors should monitor the stock's performance around the support and resistance levels and the moving averages for further insights into its short-term direction.