NOVARTIS N - Daily - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 90.39 CHF
My targets
86.61 CHF (-2.38%)
84.52 CHF (-4.73%)
My analysis
NOVARTIS N is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 90.39 CHF. The next support located at 86.61 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 84.52 CHF. Below this support, sellers could then target 81.19 CHF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOVARTIS N rating 88.72 CHF. On the day, this instrument lost -0.11% and was between 88.63 CHF and 88.84 CHF. This implies that the price is at +0.10% from its lowest and at -0.14% from its highest.88.63
88.84
88.72
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOVARTIS N in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.52 | 86.61 | 88.24 | 88.72 | 90.39 | 93.29 | 96.81 |
| Change (%) | -4.73% | -2.38% | -0.54% | - | +1.88% | +5.15% | +9.12% |
| Change | -4.20 | -2.11 | -0.48 | - | +1.67 | +4.57 | +8.09 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.14 | 87.47 | 88.15 | 88.48 | 89.16 | 89.49 | 90.17 |
| Camarilla | 88.54 | 88.64 | 88.73 | 88.82 | 88.91 | 89.01 | 89.10 |
| Woodie | 87.31 | 87.56 | 88.32 | 88.57 | 89.33 | 89.58 | 90.34 |
| Fibonacci | 87.47 | 87.86 | 88.10 | 88.48 | 88.87 | 89.11 | 89.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.07 | 85.82 | 87.32 | 88.07 | 89.57 | 90.32 | 91.82 |
| Camarilla | 88.20 | 88.41 | 88.61 | 88.82 | 89.03 | 89.23 | 89.44 |
| Woodie | 85.45 | 86.01 | 87.70 | 88.26 | 89.95 | 90.51 | 92.20 |
| Fibonacci | 85.82 | 86.68 | 87.21 | 88.07 | 88.93 | 89.46 | 90.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.99 | 87.03 | 90.15 | 93.19 | 96.31 | 99.35 | 102.47 |
| Camarilla | 91.58 | 92.14 | 92.71 | 93.27 | 93.84 | 94.40 | 94.96 |
| Woodie | 84.03 | 87.05 | 90.19 | 93.21 | 96.35 | 99.37 | 102.51 |
| Fibonacci | 87.03 | 89.38 | 90.84 | 93.19 | 95.54 | 97.00 | 99.35 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.23 | |
| MACD (12,26,9): | -1.4900 | |
| Directional Movement: | -18.63 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 87.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.77 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 89.97 | |
| Zig ZAG (10): | 88.82 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 32.81 | |
| TEMA (21): | 87.15 | |
| Williams %R (14): | -44.14 | |
| Chande Momentum Oscillator (20): | -0.99 | |
| Repulse (5,40,3): | 2.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 8.46 |
| MA7: | 87.86 | |
| MA20: | 89.64 | |
| MA50: | 92.88 | |
| MA100: | 95.92 | |
| MAexp7: | 88.22 | |
| MAexp20: | 89.31 | |
| MAexp50: | 91.96 | |
| MAexp100: | 93.65 | |
| Price / MA7: | +0.98% | |
| Price / MA20: | -1.03% | |
| Price / MA50: | -4.48% | |
| Price / MA100: | -7.51% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -3.52% | |
| Price / MAexp100: | -5.26% |
Quotes :
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15 min delayed data
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Switzerland SWX Stocks
News
Don't forget to follow the news on NOVARTIS N. At the time of publication of this analysis, the latest news was as follows:
- BioAge Labs Announces Multi-Year Collaboration with Novartis to Discover Novel Targets for Therapies that Address Age-Related Diseases and Conditions
- PTC Therapeutics Enters into a Global License and Collaboration Agreement with Novartis for PTC518 Huntington's Disease Program
- Ratio Enters License and Collaboration Agreement with Novartis for SSTR2-targeting Radiotherapeutic Candidate
- Novartis receives positive CHMP opinion for Kisqali® to help reduce risk of recurrence in people with HR+/HER2- early breast cancer
- From Novartis Day of Service to Board Leadership: The Impact on Students 2 Science
This member declared not having a position on this financial instrument or a related financial instrument.
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