Novo Nordisk A/S Stock Forecast

Buy candidate since May 12, 2025

The Novo Nordisk A/S stock price gained 3.00% on the last trading day (Monday, 12th May 2025), rising from $65.77 to $67.74. During the last trading day the stock fluctuated 5.79% from a day low at $64.04 to a day high of $67.75. The price has risen in 6 of the last 10 days and is up by 8.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately $1.20 billion.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $66.36, a level that may pose a second chance to hit a runner. According to fan-theory $82.29 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

NVO Signals & Forecast

The Novo Nordisk A/S stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $67.22 and $65.65. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 02, 2025, and so far it has fallen -2.15%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Novo Nordisk A/S stock

Novo Nordisk A/S finds support from accumulated volume at $65.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.71 between high and low, or 5.79%. For the last week, the stock has had daily average volatility of 3.70%.

Our recommended stop-loss: $64.87 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (NVO) For The Upcoming Trading Day Of Tuesday 13th

For the upcoming trading day on Tuesday, 13th we expect Novo Nordisk A/S to open at $66.51, and during the day (based on 14 day Average True Range), to move between $64.84 and $70.64, which gives a possible trading interval of +/-$2.90 (+/-4.28%) up or down from last closing price. If Novo Nordisk A/S takes out the full calculated possible swing range there will be an estimated 8.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $69.23 (2.20%) than the support at $65.60 (3.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Novo Nordisk A/S stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.779 Buy Candidate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on May 13, 2025 - $66.51 ( 1.82%).