(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 2024-05-01 View latest technical analysis
10 day averaged volume of Novo Nordisk is 3844290
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Wed May 2024 | 129.21 | 127.80 | 130.13 | 127.50 | 1.357 times |
| 30 Tue Apr 2024 | 128.31 | 128.05 | 130.46 | 127.49 | 2.04 times |
| 29 Mon Apr 2024 | 126.88 | 127.32 | 127.97 | 126.52 | 0.549 times |
| 26 Fri Apr 2024 | 126.85 | 126.15 | 127.90 | 125.99 | 0.862 times |
| 25 Thu Apr 2024 | 125.79 | 123.69 | 125.85 | 123.21 | 0.893 times |
| 24 Wed Apr 2024 | 126.16 | 127.16 | 127.32 | 125.35 | 0.818 times |
| 23 Tue Apr 2024 | 128.64 | 126.57 | 128.76 | 126.34 | 0.963 times |
| 22 Mon Apr 2024 | 125.26 | 122.59 | 126.25 | 122.57 | 0.988 times |
| 19 Fri Apr 2024 | 122.71 | 123.48 | 124.54 | 122.46 | 1.348 times |
| 18 Thu Apr 2024 | 122.75 | 123.30 | 124.10 | 122.51 | 0.739 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 129.6, for a target of 127.4 or 125.57
Share price targets for Novo Nordisk (NVO)
| Target Type | Value |
| Downside Target | 101.71 |
| Downside Target | 113.24 |
| Downside Target | 116.12 |
| Downside Target | 121.79 |
| Downside Target | 127.50 |
| Downside Target | 127.63 |
| Downside Target | 128.76 |
| Downside Target | 129.11 |
| Upside Target | 130.13 |
| Upside Target | 130.46 |
| Upside Target | 138.28 |
Intraday share price targets for Novo Nordisk (NVO)
| Target Type | Value |
| Downside Intraday Target | 127 |
| Downside Intraday Target | 124.79 |
| Upside Intraday Target | 130.94 |
| Upside Intraday Target | 132.67 |
| Downside Intraday Target | 128.73 |
Weekly technical analysis of Novo Nordisk (NVO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Wed May 2024 | 129.21 | 127.32 | 130.46 | 126.52 | 0.872 times |
| 26 Fri Apr 2024 | 126.85 | 122.59 | 128.76 | 122.57 | 1.021 times |
| 19 Fri Apr 2024 | 122.71 | 125.81 | 126.05 | 121.79 | 1.135 times |
| 12 Fri Apr 2024 | 124.51 | 127.00 | 127.63 | 123.24 | 0.751 times |
| 05 Fri Apr 2024 | 125.86 | 129.11 | 129.11 | 123.77 | 1.322 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 |
| 01 Wed May 2024 | 129.21 | 127.80 | 130.13 | 127.50 | 0.066 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 | 1.063 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 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 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 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 stronger in this stock.
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 buy signal for Novo Nordisk in short term and BUY signal is strong.
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 126.49 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 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 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 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 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 stronger in this stock.
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 buy signal for Novo Nordisk in short term and BUY signal is strong.
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 126.49 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.