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NVAX, MACD Histogram just turned negative

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NASDAQ:NVAX   NOVAVAX INC
This is a Bearish indicator signaling NVAX's price could decline from here. Traders may explore shorting the stock or put options. Tickeron A.I. dvisor identified 40 similar cases where NVAX's MACD histogram became negative, and 39 of them led to successful outcomes. Odds of Success: 90%. Current price $98.36 crossed the resistance line at $105.60 and is trading between $105.60 resistance and $96.20 resistance lines. Throughout the month of 09/17/20 - 10/19/20, the price experienced a -12% Downtrend. During the week of 10/12/20 - 10/19/20, the stock fell -7%.

Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 19, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on NVAX as a result. Tickeron A.I. detected that in 73 of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 86%.

NVAX moved below its 50-day Moving Average on August 25, 2020 date and that indicates a change from an upward trend to a downward trend.

The 10-day Moving Average for NVAX crossed bearishly below the 50-day moving average on September 01 , 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 11 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 79%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.

NVAX broke above its upper Bollinger Band on October 13, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for NVAX entered a downward trend on September 17, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Comments

Nice analysis, were you think we should catch it? 83USD or lower?
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tickeron mpforshares
@mpforshares, I think it will not reach this level but maybe
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