Wed 17'th Oct 2018
Novavax Stock Analysis
Technical stock analysis for Wed 17'th Oct 2018
|Shorts||8.37% ( 2018-09-28 )|
No changes to the price of Novavax in the last trading day. The price has fallen in 6 of the last 10 days and is down by -2.87% for this period.
Novavax lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 60.84% during the next 3 months and, with 90% probability hold a price between $2.69 and $3.58 at the end of this period.
Novavax holds buy signals from both short- and long-term moving averages. In addition, 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 $1.98 and $1.73. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
Novavax finds support from accumulated volume at $1.99.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.08 between high and low, or 4.08%. For the last week, the stock has had a daily average volatility of 5.37%.
Our recommended stoploss: $1.93 (-4.93%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)
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Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.Click for Top 5 Buy Candidates
|NVAX $2.03 $0.00(0.00%)|
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