pool adsNovartis $NVS Technical Update
The Novartis (NYSE: NVS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for NVS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 84.92 | 82.71 | 74.80 |
| P2 | 86.38 | 85.59 | 82.35 |
| P3 | 87.72 | 88.33 | 90.12 |
Support and Resistance Plot Chart for NVS
Long Term Trading Plans for NVS
October 21, 2018, 3:00 am ET
The Technical Summary and Trading Plans for NVS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this NVS Report.
NVS - (Long) Support Plan
Buy over 82.35 target 90.12 stop loss @ 82.09.
The technical summary data tells us to buy NVS near 82.35 with an upside target of 90.12. This data also tells us to set a stop loss @ 82.09 to protect against excessive loss in case the stock begins to move against the trade. 82.35 is the first level of support below 87.19 , and by rule, any test of support is a buy signal. In this case, support 82.35 is being tested, a buy signal would exist.
NVS - (Short) Resistance Plan
Short under 90.12 target 82.35 stop loss @ 90.38
The technical summary data is suggesting a short of NVS as it gets near 90.12 with a downside target of 82.35. We should have a stop loss in place at 90.38 though. 90.12 is the first level of resistance above 87.19, and by rule, any test of resistance is a short signal. In this case, if resistance 90.12 is being tested, a short signal would exist.
