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Novo Nordisk A/SNovo Nordisk A/SNovo Nordisk A/S

Novo Nordisk A/S

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NVO trade ideas

Novo Nordisk Correction: Key Levels & Opportunities for InvestorNovo Nordisk, Europe’s largest publicly traded company, has experienced exceptional growth, especially in the diabetes and obesity treatment markets. Known globally for its expertise in insulin production, Novo Nordisk has also recently expanded into the obesity treatment market with products like Wegovy, which have seen rapid adoption and driven substantial revenue gains. Strong financials and a robust R&D pipeline make it a leading global player, well-positioned for future growth in metabolic health. From a technical analysis perspective, Novo Nordisk faced resistance at the significant psychological level of €1000, struggling to break above this for several months. Eventually, the stock began a correction phase. Yes, it happens with large market-cap stocks as well. Such pullbacks provide strategic buying opportunities, particularly at former resistance levels where the stock previously consolidated, which are now potentially acting as support. Examples like Apple, Microsoft, and Google in 2022 show similar patterns, where prior minor resistance points offer ideal entries during corrections. Currently, Novo Nordisk is approaching an initial support level around €725, which may present a first entry point for those looking to add it to their portfolios gradually. This level allows for a cautious position, leaving room for additional buys if prices dip further. Should the stock decline, the next support zone lies between €500-€600, marked by a significant psychological level (€500) and a 50% drop from the peak. Kind of an ideal scenario for adding to the position. This approach sets a flexible plan for entering Novo Nordisk with room for adjustments based on market movements. Regards, Vaido
OMXCOP:NOVO_BLong
by VaidoVeek
Revising the head and shoulders pattern on NOVOSince my previous analysis on Novo Nordisk OMXCOP:NOVO_B , the price has nearly reached the original target of 700. However, I have made slight adjustments to the head and shoulders pattern, which has consequently led to a revised target at the value area low of the range from late 2023 at around 670. At this point, I would not consider this an ideal time to initiate a short position on OMXCOP:NOVO_B . Instead, it appears to be more of a profit-taking opportunity for those who entered short positions near the levels indicated in my earlier post.
OMXCOP:NOVO_BShort
by madsroland
Novo Nordisk (NVO): Beautiful Reversal Pattern is emerging Novo Nordisk price has charted a famous and beautiful reversal pattern - Head & Shoulders. We have 3 peaks with the middle one the tallest also called Head. The Right Shoulder inclines down so the magnitude of the bearish move is strong. The dotted line between valleys of the Head is called a Neckline. The bearish target for this reversal is located at the distance of Head's height subtracted from the breakdown point on the Neckline. So, the target is at $89. This area aligns very well with the bottom of last October and the peak of last May.
NYSE:NVO
by aibek
4
NVO from $115.75 to $135MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at bottom of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level TTM Squeeze is off TTM Squeeze momentum is spiked down VBSM is turning spiked negative Impulse MACD is spiked to the downside In at $115.75 Target is $135 or channel top
NYSE:NVOLong
by chancethepug
1
NVO broke structureI did end up cutting my losses on my NVO trade, I was not quick enough to sell the relief rally. This chart confirms the breakdown of the stock finally after all this time. I zoomed out and drew an optimistic demand zone on the monthly chart. I expect some consolidation around the 200 EMA at this point which is generally what these high momentum charts like to do when they break down. This blue ema will likely collide with the demand zone at some point. If I were to continue trading this it would be to short, but these stocks are very hard to short since they are story stocks, the GLP story remains strong but is experiencing FUD. My short-term target is 105$ Medium term the demand zone box I do not expect high momentum for a while with the recent headwinds
NYSE:NVOShort
by Apollo_21mil
NOVO NORDISK: recovering from sicknessThe current market setup for Novo shows a clear consolidation within the larger trend structure, indicating key decision points ahead for traders. If the resistence breaks and stays over it the stock should have a good time. It could be that the price falls to DKK750-710 but should recover from this point on. Thank you for taking the time to read my analysis. I look forward to hearing your thoughts. Best regards, Mattner. no investment advice
OMXCOP:NOVO_BLong
by MattnerFuture
NOVO has developed an H&S formationAs others have also mentioned on Trading View, NOVO has developed an H&S formation. The formation is to some extent supported by volume. Volume should be large when forming the left shoulder 1, as well as when forming the head 2, and when the price goes down at the right shoulder 4, but when forming the right shoulder the volume should be low 3. It is not. Since May, the volume balance has been negative, i.e. high volume at the price bottom and low volume at the price peak. At 794, there will be a significant break of 3%, especially if it is supported by high volume. There is no significant break yet. The object is heading towards 629. An H&S formation is a reversal formation. NOVO has been in a bullish trend, according to MA. However, the price is now below SMA 200. The price momentum indicators go from sell to buy within a month on Trading View. The price is well below a red cloud in Ichimocu. It is not possible to say now whether we will have a significant break down or whether the price will recover. The forecast will depend on this. Fundamentally, analysts are predominantly positive about the stock. Many companies would like to enter the obesity market, but there are far from good results in a phase 1 study to a finished drug, if it becomes a drug at all. Disclaimer: I have a relatively large position in the stock, which I bought when the shares plunged during the covid19 epidemic. I have sold 1/4 share when the price had tripled, so I am thinking of sitting still now even in the face of the technical picture - I am long. In the past, price has fluctuated between two pivot lines at times. Then I have swing traded NOVO. NB: Remember you must do your own research and assessment before buying and selling.
OMXCOP:NOVO_B
by scorpiris
NVO bounce off 50 emaI have been waiting for another flush on NVO for a while, this tap of the 50 EMA should bounce and I bet the stock returns to the momentum trend line (teal). As you will notice the stock rarely stays below the 20EMA and teal trend, let alone riding the 50 EMA. Since this is a weekly chart. You will note a bottoming stochastic RSI. My plan: I have already entered 130$ Dec calls. I will add more if we candle body this EMA. My PT is 129$, then a more optimistic 141$.
NYSE:NVOLong
by Apollo_21mil
Novo Nordisk could be dropping 15% from hereLooking at Novo Nordisk and the fundamental I have a hard time thinking Novo would drop further at this point. However the technical setup indicates that if we don't hold the current level we could drop more than 15% from here. - The head and shoulder is complete now we just need to see if we can get a follow through. - Closing price Friday was below the 200 daily moving average. The recent price drop is caused by a dissapoint in early trial results of their pill Monlunabant.
OMXCOP:NOVO_BShort
by madsroland
How To Pick Top Pharma Stocks like a ProAnalyzing the pharmaceutical industry, whose products play a key role in improving the quality of life of people around the world, is quite challenging sometimes also it requires deep knowledge and a careful approach, as I believe that investors should consider many factors, starting with evaluating the efficacy of the analyzed company's medications, including in relation to its competitors and the "gold standards," and ending with an analysis of its financial indicators In this article you will learn how to pick Top Pharma stocks like a pro trader and which factors you should consider, so buckle up 1/ Recognizing the risks At the very beginning, an investor you must recognize that the pharmaceutical industry is highly competitive, where a company's investment attractiveness depends not only on the rate of expansion of its portfolio of product candidates, revenue growth, margins, the amount of total debt and cash on the balance sheet but is also heavily influenced by the expiration of patents on medications and vaccines. Moreover, in recent months, the healthcare sector has increasingly felt the impact of the upcoming 2024 US presidential elections, as some politicians are aiming to further tighten regulation of drug prices despite the existing Inflation Reduction Act. 2/ Leveraging data to your advantage The second step use data wisely, you should check all kinda data including stock screener, transcripts of earnings calls, financial results for the last quarters, analyst expectations, options data... The goal is to filter companies in poor financial condition, as well as those that trade at a significant premium to the sector and/or competitors I would also like to point out that in the current market environment, with Fed interest rates remaining at multi year highs, I do not recommend investing in companies with market caps below $500 million, as they typically have limited cash reserves and weaker institutional backing Also, I'd recommend investors read 10-Ks and 10-Qs, especially the section related to debt and sources of financing of the company's operations, to reduce the likelihood of an "unexpected" drop in the share price. A striking example is Invitae Corporation aka NVTAQ which declared bankruptcy in mid February 2024! Was there a prerequisite for this? The answer is yes since the company continued to generate negative cash flow and also had convertible senior notes maturing in 2028. Convertible notes can involve significant financial risks if the company cannot effectively use the cash to grow the business and break even. In this case, management will not be able to pay off the bonds with cash reserves and will have to resort to significant dilution of investors. In my opinion, Pacific Biosciences of California, Inc. NASDAQ:PACB may face this problem because it has convertible senior notes maturing in 2028 and 2030. Factors that concern me include the company's declining revenue and total cash and short-term investments in recent quarters, while its operating expenses remain extremely high at around $80 million per quarter. Let's return to the second step in my approach to selecting the most promising assets in the healthcare sector. When selecting companies with market caps between $4 billion and $40 billion, I use more parameters since most of them already have FDA approved drugs and/or vaccines. As a result, it is also necessary to consider the rate of growth of operating income, net debt/EBITDA ratio, and how management copes with increased marketing and production costs. Finally, let's move on to the last basket, which contains pharmaceutical companies with market capitalizations exceeding $40 billion. I think, this group is best suited for more conservative investors looking for assets offering attractive dividend yields and growing net income, supported by a rich portfolio of FDA approved and experimental drugs. So, from Big Pharma, I like Pfizer Inc NYSE:PFE , AbbVie Inc NYSE:ABBV , Merck & Co NYSE:MRK and AstraZeneca PLC NASDAQ:AZN . I also want to include Novartis AG NYSE:NVS and Roche Holding AG OTC:RHHBY in this group sometimes investors need to make exceptions, namely if one larger company buys out a smaller player and/or when a major partnership agreement is concluded, as was the case between Merck and Daiichi Sankyo Company, Limited OTC:DSKYF in 2023. Also, in the event of a major acquisition or merger, the company's debt may temporarily increase sharply. If its management has previously implemented effective R&D and financial policies, the "net debt/EBITDA ratio" A remarkable example of a company falling into the "value trap" is Takeda Pharmaceutical Company Limited NYSE:TAK , which overpaid for Shire. This deal did not significantly strengthen or rejuvenate the Japanese company's portfolio of drugs. As a result, it had to sell off billions of dollars in assets to pay off its debt partially. However, despite all the efforts of Takeda's management, its net debt/EBITDA ratio, although it fell below 5x, remains high, namely about 4.7x at the end of March 2024. 3/ Identifying promising therapeutic areas In general, the more prevalent a disease is, the larger the total addressable market for a drug and, as a result, the higher the chances that it will become a commercially successful product. Global spending on cancer medications will reach $377 billion by 2027, followed by immunology, and diabetes will come in third with an estimated spending of about $169 billion What challenges arise when choosing pharmaceutical companies? you should also keep in mind that the larger the market, the higher the competition between medicines, as companies strive to grab as big a piece of the pie as possible. As a result, for drug sales to take off, they need to have significant competitive advantages over the "gold standard." These competitive advantages may include greater efficacy in treating a particular disease, less frequent administration, a more favorable safety profile, and a more convenient route of administration. So, in recent years, competition in the global spinal muscular atrophy treatment market has intensified. Spinal muscular atrophy is a genetic condition. Currently, three drugs have been approved to combat the disorder, including Biogen Inc.'s (BIIB) Spinraza, Roche/PTC Therapeutics, Inc.'s (PTCT) Evrysdi, and Novartis AG's (NVS) gene therapy Zolgensma. All three products have similar efficacy, but Evrysdi has a more favorable safety profile and is the more convenient route of administration, namely the oral route, which is reflected in its sales growth rate from year to year. The second pitfall is the company's pipeline of experimental drugs. I believe that financial market participants opening an investor presentation that presents a company's pipeline, especially if its market cap is below $5 billion, should also pay close attention to what stage of clinical trial activity its experimental drugs are in. if a pharmaceutical company has most of its product candidates in the early stages of development, this represents a significant risk because, in this case, institutional and retail investors are often overly optimistic about the prospects for the drugs' mechanisms of action and/or clinical data obtained in a small group of patients. Simultaneously, as is often the case, the higher the optimism, the less favorable the risk/reward profile. In most cases, the larger and more diverse the patient population, the weaker the efficacy of a drug relative to what was seen in Phase 1/2 clinical trials. This ultimately leads to a downward valuation of its likelihood of approval and casts doubt on its ability to take significant market share from approved medications. This may subsequently reduce the company's investment attractiveness, making it more difficult to attract financing for its operating activities. As a result, I recommend excluding any company that, instead of focusing its financial resources on the most promising product candidates, conducts multiple early-stage clinical trials to evaluate the efficacy of its experimental drugs. In my experience, the most successful pharmaceutical companies focus their efforts on bringing up to three product candidates to market and then reinvesting the revenue from their commercialization into developing the rest of the pipeline. The table below highlights the following parameters that I use to screen out the least promising companies. A third factor that investors, especially those new to the investment world, should consider is that large pharmaceutical companies are leaders in certain therapeutic areas, with a rich portfolio of patents covering various mechanisms of action and delivery methods of drugs, making it more difficult and more prolonged for smaller players to find product candidates that could potentially have the competitive advantages. So, Novo Nordisk A/S NYSE:NVO and Eli Lilly and Company NYSE:LLY have long been leaders in the global diabetes and weight loss drugs markets, and only very recently, they may be joined by Amgen Inc. NASDAQ:AMGN , Roche Holding, and several other companies 4/ Assessing a company's drug portfolio in comparison to competitors Evaluating the effectiveness, safety profile, and mechanism of action of a medication, as well as comparing clinical data with its competitors, takes a lot of time and effort. I provided examples of drugs and the most promising mechanisms of action in the obesity treatment market. Their manufacturers are Eli Lilly, Novo Nordisk, Roche Holding, Viking Therapeutics, Inc, Amgen, Pfizer, Altimmune, Inc, OPKO Health, Inc, Boehringer Ingelheim, and Zealand Pharma A/S 5/ When market exclusivity for a company's key medications ends Every financial market participant who is considering investing in pharmaceutical companies should consider the expiration time of key patents of medicines. Marketing exclusivity represents protection against the entry of a generic version and/or biosimilar of a branded drug into the market, thereby allowing the company to recoup the resources spent on its development and, in the event of its commercial success, also reinvest the money received to accelerate the development of the remaining product candidates. Where can you find information about patent expiration dates? All the necessary information is either in 20-Fs/10-Ks or on the FDA website, namely in the "Orange Book" section. let's take Eli Lilly as an example. Open the latest 10-K. Then, the CTRL + F combination opens the ability to find specific words in the document. I usually enter "Expiry Date" or "compound patent" to find the patent section.nvestors can also find information about patents on the FDA website. As an example, I enter "Mounjaro" in the top line, and a list of patents opens that protect Eli Lilly's blockbuster from the introduction of its generic versions onto the market.hen, clicking on "Appl. No." will open information about the submission date of the patent and when it will expire. 6/ Evaluating the impact of insider share transactions The next step in selecting the most interesting assets in the healthcare sector is to analyze Form-4s. The CEO, CFO, and other key members of the company's management buy or sell shares from time to time.I am only interested in analyzing purchases since, most often, sales by management are option exercises carried out to pay taxes. When management starts making large outright purchases of a company's shares, it can signal that it believes in its long-term growth potential.if more than two top managers buy a large block of shares within two weeks of each other, it significantly increases the likelihood of the company's stock price rising in the next two months from the moment of their transactions But as with everything, there are exceptions, such as in the case of OPKO Health, which is developing a long-acting oxyntomodulin analog for the treatment of obesity together with LeaderMed Group.Over the past 12 months, OPKO's management, especially CEO Phillip Frost, has purchased over 12 million shares. However, despite this, its stock price has fallen by 27% over the same period. I believe that the key reasons for the divergence between these two facts are investors' lack of confidence in Phillip Frost's ability to make the company profitable again, as well as its low cash reserves. Therefore, companies like OPKO Health have already been eliminated at the second step of selection using Seeking Alpha's screener. 7/ CEO Performance in Business Development The CEO plays a crucial role in the success of a pharmaceutical company since the pharmaceutical industry is highly dynamic, and the competition between Big Pharma is especially high, I advise readers to pay attention to the track record of the CEO, especially how he copes with force majeure situations, as well as how effective the R&D policy is carried out under his leadership. 8/ Identifying Entry and Exit Points for Long-Term Investments The eighth step is in addition to the information that was obtained in the previous steps, as well as the analysis of financial risks and various financial metrics of the company, including its net debt, maturity dates of bonds, historical revenue growth rates, EBIT, gross margin, I build a DCF model with the ultimate goal of determining the price target. it is necessary to conduct a technical analysis of them, as well as the main ETFs that include them. In my opinion, the key ETFs are the SPDR® S&P Biotech ETF AMEX:XBI , Fidelity Blue Chip Growth ETF AMEX:FBCG , iShares Biotechnology ETF NASDAQ:IBB , and VanEck Pharmaceutical ETF $PPH. The purpose of technical analysis is to determine the stop-loss level and entry points at which the risk/reward profile is most favorable. taking profit is not that easy cuz you must master your emotions and greed which damn hard 9/ Creating a Watchlist Based on Risk/Reward Ratio The purpose of which is to create a watchlist of the companies I have selected based on the previous steps. I make several lists of companies based on their market caps and also rank them according to risk/reward profile, that is, in the first place is the stock that I think has minimal risks and at the same time can bring the greatest potential profit. I also advise creating small notes on each company, which can include information about risks, support/resistance zones, dates of publication of clinical data, and any thoughts you have that will make your decision more conscious when opening a position “What’s your secret sauce for choosing pharma stocks?”
NYSE:NVOEducation
by moonypto
Novo Nordisk: Analyzing a Potential Pullback and Key levelsLong-Term Overview (3M Timeframe) Looking at the 3-month timeframe, we can observe that OMXCOP:NOVO_B has maintained a consistent bullish trend channel since 1990, characterized by higher highs and higher lows. Medium-Term Analysis (1M Timeframe) On the one-month timeframe, since the last significant pullback in 2016, OMXCOP:NOVO_B has surged by approximately 1000%. Recently, the stock touched the upper resistance trend line and then experienced a sharp downward move, suggesting an impending pullback, which could be followed by another significant bullish run. Key Levels (1W Timeframe) Focusing on the one-week timeframe, we can identify crucial levels at 590 DKK, 735 DKK, and 930 DKK. Historically, these levels have acted as key resistance and support zones, making them critical areas to watch moving forward. Fibonacci Analysis Using Fibonacci retracement, the stock has respected the 0.236 level, reinforcing the validity of these levels as potential reversal points during the pullback. The relevant Fibonacci levels to monitor are 810 DKK, 670 DKK, and 560 DKK. Outlook and Strategy Given the recent price action, I anticipate that OMXCOP:NOVO_B may form a reversal pattern, such as a double top or head and shoulders, leading to a more pronounced pullback. This pullback could have a reversal at one of the identified key levels or the lower support line within the long-term bullish trend channel. How to Capitalize: To capitalize on this potential move, consider monitoring smaller timeframes for signs that the pullback is concluding at the key levels. Once you identify such signals, a strategic entry could be made, with a stop loss placed just below the key support level to minimize risk.
OMXCOP:NOVO_BLong
by Tallblomma
Novo Showing Bullish SignsHello everyone, happy Sunday. Today I am presenting my "cup and handle" bullish pattern on $NYSE:NVO. From a technical perspective, the stock has shown a typical cup pattern with resistance, and I expect a handle to soon form before a bullish continuation upwards. Currently in with 75 shares around $133, will add to 100 shares scalping along the way down the handle if it occurs. Side note, very bullish on this company fundamentally for the next few quarters, will most likely hold shares beyond this near-term idea.
NYSE:NVOLong
by jabs11
1
Novo Nordisk's Wegovy Secures China Approval, Poised for Major MDanish pharmaceutical giant Novo Nordisk gains significant access with the approval of its weight-loss drug Wegovy in China. This move grants Novo Nordisk entry into the world's second-largest economy, targeting a growing population facing obesity challenges. Key Considerations: Wegovy targets patients with a Body Mass Index (BMI) of 30 or higher alongside weight-related comorbidities like hypertension and type 2 diabetes. The approval coincides with the impending expiration of the semaglutide patent in 2026, potentially intensifying competition with generic alternatives. Novo Nordisk adopts a strategic initial focus on self-pay patients in China, mirroring its approach in other regions for early adoption before broader insurance coverage. Competition emerges from Eli Lilly's weight-loss product Zepbound and domestic Chinese drug manufacturers. Wegovy's potential for success in China aligns with the remarkable growth of Novo Nordisk's diabetes drug Ozempic (sharing the same active ingredient), which saw sales double in the region last year. Novo Nordisk demonstrates a proactive commitment to meeting the global demand for weight-loss solutions through substantial investments in production capacity. Maintaining leadership in this market requires a continued focus on innovation, strategic expansion, and effective market penetration strategies as the semaglutide patent nears expiration. The approval of Wegovy represents a significant milestone for both Novo Nordisk and China's public health efforts in addressing obesity. While this marks a new chapter in global weight-loss treatment, the competitive landscape promises to intensify. Novo Nordisk's future success hinges on its ability to navigate this evolving market.
NYSE:NVOLong
by signalmastermind