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Takip Edin: @UscMarketsNVO Stock Forecast & Novo Nordisk A/S Chart Analysis
This article provides a detailed analysis of NVO-Novo Nordisk A/S stock including a forecast for NVO shares. It features Novo Nordisk A/S technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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NVO Historical Data Review
NVO Current Price Performance Analysis
The Novo Nordisk A/S - NVO stock traded on the American stock market, on 06-05-2024, closed at 141.0$ with a %0.77 increased compared to the previous day.
In the last month, the price of NVO changed by %13.17 increased in value, from 124.59 dollars on 05-06-2024 to 141.0 dollars, increased.
Last year, the price of NVO was 80.38 dollars on 06-06-2023, and changed by %75.42 increased in value, to 141.0 dollars increased within a year.
The price of Novo Nordisk A/S stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
NVO with AI Stock Forecast & Price Target
On the NVO chart Novo Nordisk A/S price was recorded as 141.0 Dollars on 06/05/2024.
The artificial intelligence's forecast on NVO stock is as follows.
The artificial intelligence's prediction error margin for NVO stock is moderate.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Novo Nordisk A/S stock over the next 4 months is: 151.8 Dollars.
The commentary on NVO stock Target Price: Highest: 167.068 Dollars is predicted.
The commentary on NVO stock Target Price: Lowest: 139.404 Dollars is predicted.
Resistance Price where Novo Nordisk A/S stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-15-2024 | 144.702 |
| 10-08-2024 | 158.960 |
| 02-05-2025 | 163.579 |
Support Price where Novo Nordisk A/S stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 140.900 |
| 12-17-2024 | 141.633 |
| 03-07-2025 | 160.607 |
The commentary on NVO stock: The target price can generally be said to be on the rise.
The commentary on NVO stock: Fluctuations in the target price can be expected in the coming days.
The target price for Novo Nordisk A/S stock by the end of 2024 is predicted to be 143.667 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on NVO stock, and the 2024 target price predictions for Novo Nordisk A/S are detailed above.
The technical analysis and charts for the commentary on NVO stock are below.
NVO Support & Resistance and Trend Analysis
NVO stock you have reviewed the technical analysis support resistance charts regarding.
NVO : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the NVO review, the Novo Nordisk A/S support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Novo Nordisk A/S Support and Resistance Prices:
| NVO Support Level Price | NVO Resistance Level Price |
|---|---|
| 94.73 | 103.74 |
| 96.00 | 105.69 |
| 103.38 | 108.98 |
| 118.30 | 109.02 |
| 121.29 | 124.87 |
| 121.79 | 130.46 |
| 131.00 | 134.79 |
| 138.28 | |
| 142.41 |
NVO Technical Analysis: SMA, RSI, MACD
Upon reviewing the NVO chart, buy and sell signals have been generated in the Novo Nordisk A/S technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for NVO stock are as follows:- The technical analysis for NVO indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for NVO indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Novo Nordisk A/S issued a 'Buy' signal when the MACD was at 1.962, with the current MACD value being: 2.678
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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