My post is primarily a technical analysis. It is important you understand a technical analysis is a forecast and has a probability, and not a statement that it will be absolutely certain.
Fundamental analysts (25) have on Trading View a price target of 1020. There is a wide spread, but most are positive about the stock.
Novo is still in an ascending trend as evidenced by the price movements and the moving averages.
The price has broken through the resistance at 966, where there is support now.
There are two REC, where the big one has an object about 1050 and the small an object about 1030.
There is a poor correlation between price peaks and volume peaks. This weakens the trend.
RSI just over 50. RSI and OBV do not go up as the price from the beginning of February.
From mid-February, the price has divergences to the stochastic oscillator %D.
The sum of oscillators and moving averages is from one day to a month on purchase.
Considering the stock technically positive for a medium length of time, one to 6 months.
Disclaimer: I hold a position in the stock.
Remember you need do your own research and assessment before buying and selling.
Sources: Trading View
Fundamental analysts (25) have on Trading View a price target of 1020. There is a wide spread, but most are positive about the stock.
Novo is still in an ascending trend as evidenced by the price movements and the moving averages.
The price has broken through the resistance at 966, where there is support now.
There are two REC, where the big one has an object about 1050 and the small an object about 1030.
There is a poor correlation between price peaks and volume peaks. This weakens the trend.
RSI just over 50. RSI and OBV do not go up as the price from the beginning of February.
From mid-February, the price has divergences to the stochastic oscillator %D.
The sum of oscillators and moving averages is from one day to a month on purchase.
Considering the stock technically positive for a medium length of time, one to 6 months.
Disclaimer: I hold a position in the stock.
Remember you need do your own research and assessment before buying and selling.
Sources: Trading View
From mid-March we only have green candlesticks body. It indicates buying pressure. OBV increasing. MACD and Stoch are showing momentum, but at the same time, RSI is close to overbought.