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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.

10 day averaged volume of Novo Nordisk is 4414620

Date Daily Closing Price Open High Low Volume
27 Wed Mar 2024 128.05 128.33 128.62 127.29 0.893 times
26 Tue Mar 2024 129.41 130.10 130.16 128.44 0.956 times
25 Mon Mar 2024 129.05 129.00 130.25 128.71 0.752 times
22 Fri Mar 2024 128.76 129.22 129.49 128.11 0.732 times
21 Thu Mar 2024 129.83 129.00 131.07 127.11 1.483 times
20 Wed Mar 2024 130.36 131.15 131.43 128.83 0.998 times
19 Tue Mar 2024 131.37 132.04 132.21 130.51 0.995 times
18 Mon Mar 2024 132.89 131.57 133.75 131.07 0.883 times
15 Fri Mar 2024 132.37 133.88 134.00 131.86 0.856 times
14 Thu Mar 2024 134.58 135.85 135.92 133.87 0.794 times

My analysis of stock is bearish for shortterm, and stock might move down till 125.8 or till 121. Use a stoploss of 129.84 and if the stock hits stoploss, then it can shoot up till 133.88

Share price targets for Novo Nordisk (NVO)

Target Type Value
Downside Target 94.73
Downside Target 101.71
Downside Target 104.99
Downside Target 113.24
Downside Target 116.12
Downside Target 118.91
Downside Target 122.25
Upside Target 130.25
Upside Target 130.75
Upside Target 133.75
Upside Target 135.92
Upside Target 138.28

Intraday share price targets for Novo Nordisk (NVO)

Target Type Value
Downside Intraday Target 126.81
Downside Intraday Target 125.57
Upside Intraday Target 129.77
Upside Intraday Target 131.49
Upside Intraday Target 128.53

Weekly technical analysis of Novo Nordisk (NVO)

Date Weekly Closing Price Open High Low Volume
27 Wed Mar 2024 128.05 129.00 130.25 127.29 0.511 times
22 Fri Mar 2024 128.76 131.57 133.75 127.11 0.858 times
15 Fri Mar 2024 132.37 133.37 135.92 130.75 0.547 times
08 Fri Mar 2024 133.07 127.33 138.28 123.36 1.836 times
01 Fri Mar 2024 124.23 123.20 124.43 118.91 1.577 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
27 Wed Mar 2024 128.05 122.80 138.28 122.25 1.071 times
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

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 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 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 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 SELL. 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 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 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 and the buying is gaining 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 130.62 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 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 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 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 SELL. 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 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 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 and the buying is gaining 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 130.62 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.

Daily charts

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Daily chart
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