NVAX - Novavax

Industry: Biotechnology Sector: Healthcare Exchange: NASDAQ

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 0.00%
PRICE $2.03
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

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Novavax Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-09-19 Gain 41.96%
Shorts 8.37% ( 2018-09-28 )
Cash 172.6 mill
Loans n/a
Beta 2.53
ROA -57.36

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.

Trend

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.

Click here for today's Top 5 Trending Companies

Signals

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.

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Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Novavax finds support from accumulated volume at $1.99.

Support: $1.99 Price: $2.03 Resistance: $2.06

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Buy Candidate

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NVAX $2.03 $0.00(0.00%)
NVAX is down $0.00 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for NVAX based on the 1-3 month system that more than doubles the S&P 500.

Click here – the NVAX analysis is free »

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