Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-01-08 View latest technical analysis

10 day averaged volume of Novo Nordisk is 3262070

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	106.40	106.18	106.54	105.27	0.883 times
05 Fri Jan 2024	105.98	106.56	107.19	105.72	1.219 times
04 Thu Jan 2024	107.63	105.11	108.98	105.03	2.8 times
03 Wed Jan 2024	103.62	102.05	103.84	102.03	1.246 times
02 Tue Jan 2024	102.11	101.71	102.63	101.71	0.809 times
29 Fri Dec 2023	103.45	103.55	103.68	102.73	0.63 times
29 Fri Dec 2023	103.45	103.55	103.68	102.73	0.63 times
28 Thu Dec 2023	103.47	104.55	104.99	103.47	0.73 times
27 Wed Dec 2023	103.68	102.66	103.81	102.35	0.691 times
26 Tue Dec 2023	102.68	102.56	103.13	102.41	0.568 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 105, but if it comes below 105, then a intra day sell could be more profitable.
If you take a sell trade below 105, then use 105 as stoploss and 101.79 as target. However if you take a buy trade in stock , then use 105 as stoploss and 108.9 as target.

Share price targets for Novo Nordisk (NVO)

Target Type	Value
Downside Target	86.96
Downside Target	90.40
Downside Target	94.73
Downside Target	98.52
Downside Target	101.71
Downside Target	104.99
Downside Target	105.27
Downside Target	105.69
Upside Target	106.54
Upside Target	108.98
Upside Target	201.76

Intraday share price targets for Novo Nordisk (NVO)

Target Type	Value
Downside Intraday Target	105.6
Downside Intraday Target	104.8
Upside Intraday Target	106.87
Upside Intraday Target	107.34
Downside Intraday Target	106.07

Weekly technical analysis of Novo Nordisk (NVO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	106.40	106.18	106.54	105.27	0.145 times
05 Fri Jan 2024	105.98	101.71	108.98	101.71	9.636 times
29 Fri Dec 2023	103.45	103.55	103.68	102.73	0.241 times
29 Fri Dec 2023	103.45	102.56	104.99	102.35	0.44 times
22 Fri Dec 2023	102.71	99.52	103.56	98.52	0.773 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
08 Mon Jan 2024	106.40	101.71	108.98	101.71	0.3 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
31 Tue Oct 2023	96.57	90.17	104.00	86.96	1.877 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 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 105.04 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.