Risk Appetite Is Definately Back OnMissed the stock. Saw a lot of hype about the drug the last couple of years. Would have loved to have long dated options on it. Will be interesting to see what it does.
NVO/N trade ideas
$NVO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NVO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%.
A defensive stock in a rising trend
Measured by value, Novo Nordisk is Northern Europe's largest business and headquartered in Bagsværd, Denmark.
It's a defensive stock that's done well. It is considered a bit of a weakness that they have the majority of their income on few products, but on the other hand they are good at what they are doing. There are some medicine companies that have spread too much and have had to give up some of what they have been doing.
This link provides a very good insight into the issue around Q2. It's in Danish.
app.marketingplatform.com
Price target: Trading View a year 860. Handelsbanken SE 3 years 925. Danske Bank 900.
This chart is YTD, but the trend lines are drawn after a longer chart 1Y.
Novo Nordisk is on a rising trend as evidenced by MA.
Volume supports the trend as price top respond to volume top and price bottom respond to volume bottom. On volume balance OVB rising 22 days back.
There was a dive after Q2 on August 4th, but the next day there are more people buying in than selling out on the first day.
RSI 21 slightly below 50.
Oscillators and MA stand on sell one day, neutral a week and buy a month.
Considers the stock technically positive for medium long time.
Disclaimer: I have a position in the stock.
Remember you need do your own research and assessment before buying and selling.
Sources: Trading View.
$NVO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NVO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 80%.
NVO broke major resistance, now what?watching for a rally to 119.04-126.44-133.84 now, could hit these targets within weeks
Is $NVO ready to push higher on the right side of its base?Notes:
* Very strong up trend on all time frames
* Great earnings
* Pays out dividends
* Forming a base for the past ~8 months
* Testing the 50 day line as support for the past 4 sessions
* Bouncing off the 50 day line with higher than average volume and printed a pocket pivot
Technicals:
Sector: Healthcare - Drug Manufacturers - General
Relative Strength vs. Sector: 1.62
Relative Strength vs. SP500: 1.24
U/D Ratio: 1.02
Base Depth: 18.33%
Distance from breakout buy point: -8.94%
Volume 44.56% above its 15 day avg.
Trade Idea:
* You can enter now as the price is just bouncing off of its 50 day line with tonnes of volume
* If you're looking for a better entry you might find one around the 110.5 area
* This stock usually has local tops when the price closes around 14.27% above its 50 EMA
* Consider selling into strength if the price closes 14.07% to 14.47% (or higher) above its 50 EMA
* The last closing price is 1.57% away from its 50 EMA
WATCH $NVO BEARISH HINTS EVERYWHEREBearish
Fundamental
- Highly inflationary Macro environment / Q3 earning going to disappoint sentiment
- Funds Distribution
- Decent PE
- Negative PEG
- Decent P/FCF
- Top Sector / Industry / Leader
- Definitely niche sector but with highly inflationary environment and hints of bearish below technical
Technical
- - Momentum Theory Indicator - bearish divergence
- Price action formation ( rising wedge )
- Price rotating clockwise
- Still above upward Trend line
- Still holding 200MA
- Above POC
- Holding ST
- MACD divergence
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"all things are difficult before they are easy"
Cheers and happy trading!
Watch $NVOBearish
Fundamental
- Negative PEG
TA
- Pin bar rejection
- Momentum divergence
Bullish
- Strong industry
- Leader in sector
- Strong SMR
$NVO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NVO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
NVOHey folks, happy Wednesday!
Here is a breakout stock that you might want to keep on your watchlist!
$NVO giving another entry opportunity before moving higher?* Good earnings
* Very strong up trend in the long term
* Broke out of a ~4month base and now retested it as support
* Sector: Healthcare - Drug Manufacturers - General
* Relative Strength vs. Sector: 8.35
* Relative Strength vs. SP500: 2.56
* U/D Ratio: 2.21
* Base Depth: 26.05%
* Distance from breakout buy point: 1.01%
* Volume 145.18% above its 15 day average.
Trade Idea:
* Given the amount of volume that came in around $116.55, it seems like there's quite a bit of demand for this stock around this price.
* You can look to enter now as the price is very close to the broken base
* The U/D ratio indicates that the stock's under accumulation
* If you're looking for a better entry you can look to enter around $115.16
NOVO short target 600It seems NOVO is ending x in a corrective xyz of (4)
Target 600 during april 2022 before further upside during the rest of the year
$NVO with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $NVO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
Novo Nordics about to finalize wave (3) with a wave 5Is seems NOVO is about to finish a minor wave 2 now to continue higher with an impulse to 5
There should be a long way to go still and targets between 1000 and 1400 are in reach
NOVO NORDISK potential BearishNovo Nordisk is at a low point right now. It seems like they are getting support and could rise high very soon.
$NOVO #Novonordisk$NOVO #Novonordisk in the golden pocket. We should see some consolidation and would like to see if 700DKK hold.
NOVO NORDISKBIG BEARISH DIVERGENCE IN THIS STOCK, The fall was led by SUPPLY CHAIN ISSUES on one of best selling product lines "Wegovy", but the product it self is not the challange.
I BELIEVE THE FALL WAS MORE BASED ON TECHNICALS THAN FUNDAMENTALS. AS THIS STOCK RARELY SEES ANY BIG DROP LIKE IT DID, THE DRAWDOWN ON THE DAILY WAS ALMOST 17% AND CLOSED THE DAY AT -11% WHICH IS MAKING A COMEBACK.
End of the Road for Novo Nordisk. NVOAnother impulse done and dusted. Divergent, now looking out of steam.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$NVO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NVO after a Positive under reaction following its earnings release placing the stock in drift A.
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