nvo looking bearishNYSE:NVO bearish,it lokks bearish to me and to other my felow traders , expecting it to fall to98$ at the end of next week
NVO trade ideas
VCP Breakout Buy in NVONovo Nordisk is emerging from a textbook volatility compression pattern (VCP) - the setup made famous by Mark Minervini. Notice the series of progressively shallower pullbacks from left to right as supply has been absorbed by buyers.
NVO is a market-leading stock by all accounts. Shares are up 75% over the last twelve months with no signs of slowing down. This is largely thanks to its new weight loss drug showing tremendous results in clinical trials.
The company has also experience accelerating earnings growth for the last several quarters - another favorite quality of Minervini's for identifying top performers.
NVO looks buyable here as a swing trade with a stop loss 9-10% below the current price.
NVO Novo Nordisk: $195 | The Cure since forever it addresses on major conditions of humans
Diabetes Cardio Alzheimer's
from acquisition to partnering and continuous r&d
this issue is a model to new science and tech companies making it to the next 50 years
key is innovation
opportunity is wait for major crash to upsize for OG investors
or simply appreciate the Business and Leadership behind the company.
if you get stuck at fresh highs
wait for 5 years to DCA in between the range
and sit for 12 years for that life changing gains..
How long can Novo keep raising for? answer is in the videoThrough the application of the Wave analysis (Hurst, Gann, Swing trading etc) investors can be aware what to expect over the short and mid term.
From 16.11 be aware that a retracement might happened.
Intensity has to be monitored to understand the type of wave in development (Ti, T+2i or T+3i).
NVO continues slow grind upwardNVO seemingly cannot be stopped and continues the uptrend, I tried to show this in a variety of wars. I added a local demand for another supportive region. The teal support is from september 2022, we are either going to dip into demand and consolidate nearby or jump to 106 in the coming week or two.
NVO climbs back to supportNVO is consolidating above the dashed green line which is good news for the bulls. New all time highs are on the horizon. Many have a hard time buying into 52 week highs, but the best compounders spend a lot of their time in this range, that is the nature of successful stocks and companies. I added a local demand that is the green box as a supportive region.
NVO breakdown NVO looks like it may breakdown here if this dotted red line of support is broken. RSI is very low but can certainly be lower. Tech stocks are rebounding which may put NVO and others out of favor for a few weeks.
another bull flag setup on NVONVO carries my best trade of the year on the last bull-flag setup. This stock appears to be unstoppable even at over a 400 billion dollar market cap.
Novo Nordisk (NYSE: NVO): Trading Idea for 13/10/2023Pharmaceutical company Novo Nordisk completed its research into the treatment of kidney disease a year ahead of schedule. However, the results will only be published in early 2024. If the company demonstrates convincing positive results, Novo Nordisk's revenue growth prospects will be strong.
Today, our focus is on the Novo Nordisk (NYSE: NVO) stock chart.
On the D1 timeframe, support has formed at 90.44, with resistance at 93.03, which was broken through on Wednesday 11 October. Quotes surged to their historical maximums.
On the H1 timeframe, the short-term target for the price increase is around 110.55, while in the medium term, it could reach 115.30.
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Novo Nordisk In-depth analysis Novo Nordisk A/S, a healthcare company, engages in the research, development, manufacture, and marketing of pharmaceutical products worldwide. It operates in two segments, Diabetes and Obesity care, and Rare Disease. The Diabetes and Obesity care segment provides products in the areas of insulins, GLP-1 and related delivery systems, oral antidiabetic products, obesity, glucagon, needles, and other chronic diseases. The Rare Disease segment offers products in the areas of haemophilia, blood disorders, endocrine disorders, growth disorders, and hormone replacement therapy. The company has a collaboration agreement with Gilead Sciences, Inc.; and research collaboration with Novo Nordisk to discover cell-specific carriers of nucleic acid therapeutics. The company was founded in 1923 and is headquartered in Bagsvaerd, Denmark.
Macroeconomics
Fundamental analysis suggests that the US may enter into recession in the near future. Interest rates are currently around 5% and are not expected to fall. US yields are rising, which does not suggest that they will pivot soon.
If the US goes into recession, other countries are likely to follow and go into recession as well. This is why it is important to monitor how the NVO performs in a recession.
Recession is hitting NVO, but the company is more stable than SP500.
Valuation method - Sector analysis
The health care sector did not impress last year, but over 5 years it returned 41%, which is an average of 8.2% per year. It is also underperformed against SP500.
The large cap sector is doing very well, but low beta is quite disappointing.
Valuation Method - relative
The company is not the outlier, but it has outperformed most of its peers. PE and other ratios are high, which means the company is overvalued but the market is willing to pay the premium for this stock.
Valuation Method - absolute
Diabetes is one of the most common causes of death in the world and shortens a human life by an average of 8 years! Anyone with the disease needs immediate treatment.
Currently, over 50% of sales of diabetes drugs are generated in the USA, as the American healthcare system is enormously lucrative for producers. The market is growing constantly, and due to increasing affluence and the accompanying poor diet, this will not change in the future. Another trend is not coming from consumers, but from the companies themselves: There are fewer and fewer companies doing research on diabetes. Research is not easy. There are not many big competitors, but new products are regularly coming onto the market that work even better and for longer. So the competition is gradually being squeezed out of the market. The established companies such as Novo Nordisk or Boehringer Ingelheim benefit enormously from this and can further expand their position in the market.
Business
The business appears to be stable and very profitable. Together with Elly Lilly, NVO has contracts with the US government for its diabetes products. They recently announced a new innovative product - the diabetes pencil, which is already approved in many countries.
The company has many production facilities in different countries reducing the foreign exchange risk, which in current situation with high interest rates is very important.
R&D pipeline
The scientists are currently working on novel and innovative treatments to address the unmet needs of people living with diabetes, obesity, cardiovascular disease, haemophilia, growth disorders and non-alcoholic steatohepatitis (NASH).
The R&D pipeline is pretty big and from the financial statement we see that every year they expand the pipeline.
Countries with R&D facilities - 5
"Novo Nordisk to invest $2.3bn to expand Danish manufacturing facilities"
Employment
Leaders have been with the company for a long time, have proven their leadership skills.
There are various social programmes to please the employers. Employment is rising year on year.
Performance
It is very clear from the annual accounts that NVO is doing quite well - sales, turnover and profits are growing. Debt is coming down. They have a diversified asset portfolio that avoids market risk.
Dividends
Dividends are not so high, but they are increasing every year, which gives us some sense of stability. The payout and coverage ratios are also very good.
Ownership
There is no lack of institutions investing in this company - Renaissance Technologies, Bank of America Corporation, Morgan Stanley, Blackrock Inc. and others.
There are also several mutual fund holders.
Consensus rating is "buy", made by several analysts.
Technical analysis
The market structure is currently bullish. Price is moving in a bullish channel and until this channel holds, NVO should remain "Buy".
At the moment, the price is bouncing off the upper band of the channel and appears to be overbought. There is also an imbalance to be closed from the previous impulse move.
RSI is suggesting a bullish structure.
Valuation method - fair price
The fair value models suggest that the company is currently overvalued. According to the VaR, the price could fall to USD 70-80, which is in line with the lower band of the channel and the moving averages.
I would say that 70 usd is the fair value for that company, considering all the valuation metrics.
Summery
Although the stock is overvalued, it seems to have a lot of potential to go up in the future. The business model is very good and stable, and is backed up by the company's accounts.
At the moment, all stocks are falling due to the current economic situation, so when the NVO reach the reaction area, we should watch how it will react.
NVO short positionhi Traders
We can see that NVO is in a bullish trend. It has been forming a rising wedge pattern . We expect the price to break down from the pattern. Our estimated target is 180.46 .
Take short position at the breakout point if we get a volume increase.
NVO on clear uptrend after flag breakNVO has had a rather slow break of a bull flag and resumes on an upward channel/ascending triangle, above the top green line and we should see 200$+ in the coming days
Novo Nordisk - Short term retracement for new momentumRSI over 70.
I think it's time for a retracement - possible -15%.
NVO bull flag playing out looking like >200 soonNVO bull flag playing out, weight loss drug hype carrying the stock along with denmark GDP assistance. NVO is larger than the entire GDP of denmark and is assisting in keeping the country from default.
Massive Bull flag on NVO positive guidance neededNVO has been killing it lately despite a miss on earnings. Guidance is key here for a positive breakout. If this flag breaks upward we will see 210-220$.
NVO Novo Nordisk Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NVO Novo Nordisk prior to the earnings report this week,
I would consider purchasing the $162.5 strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $6.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$NVO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:NVO after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 81.82%.
mean reversion with enhancementsIm looking for mean reversion opportunities in this stock currently. My SL is bassed on time to profit ratio. i dont use stop losses but will get out if theres a 50% decline. I tested for probalistic monthly sharpe ratio outperformance of the s and p 500.
I tested for monthly normality with the kolmogrov smirnov statistic. and looked for a non-significant p-value in order to signify the distibution fitting
I measured the annual sharpe ratio outperformance. I also measured the uler,calmar,sterling and martin ratio to compare ma drawdown, avg drawdown and loss after previous loss using the ulcer index.
I used the hurst exponent to measure if the return distributions are indeed mean reverting then lastly i created a portfolio based around a basket of qualified stocks and maximized its sharpe ratio.
Novo is still in an ascending trendMy 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
Gold comparison to Novo Nordisk 90s Gold comparison to Novo Nordisk 90s. Why stocks generally are better than assets.
Testing charting with both sound and video Testing charting with both sound and video. We need to get a haircut :)
$NVO with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $NVO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 85.71%.
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.
