Trend Tracker for Novavax NVAX

Longer Term Trading Plans for NVAX
  • Buy NVAX slightly over 2.32 target 32.41 stop loss @ 2.31 Details
  • The technical summary data tells us to buy NVAX near 2.32 with an upside target of 32.41. This data also tells us to set a stop loss @ 2.31 to protect against excessive loss in case the stock begins to move against the trade. 2.32 is the first level of support below 17.03 , and by rule, any test of support is a buy signal. In this case, support 2.32 is being tested, a buy signal would exist.

  • Short NVAX slightly under 32.41, target 2.32, stop loss @ 32.5 Details
  • The technical summary data is suggesting a short of NVAX as it gets near 32.41 with a downside target of 2.32. We should have a stop loss in place at 32.5though. 32.41 is the first level of resistance above 17.03, and by rule, any test of resistance is a short signal. In this case, if resistance 32.41 is being tested, a short signal would exist.

Swing Trading Plans for NVAX
  • Buy NVAX slightly over 21.31, target 32.41, Stop Loss @ 21.25 Details
  • If 21.31 begins to break higher, the technical summary data tells us to buy NVAX just slightly over 21.31, with an upside target of 32.41. The data also tells us to set a stop loss @ 21.25 in case the stock turns against the trade. 21.31 is the first level of resistance above 17.03, and by rule, any break above resistance is a buy signal. In this case, 21.31, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NVAX slightly near 21.31, target 16.60, Stop Loss @ 21.37. Details
  • The technical summary data is suggesting a short of NVAX if it tests 21.31 with a downside target of 16.60. We should have a stop loss in place at 21.37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 21.31, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NVAX
  • Buy NVAX slightly over 21.31, target 32.41, Stop Loss @ 21.26 Details
  • If 21.31 begins to break higher, the technical summary data tells us to buy NVAX just slightly over 21.31, with an upside target of 32.41. The data also tells us to set a stop loss @ 21.26 in case the stock turns against the trade. 21.31 is the first level of resistance above 17.03, and by rule, any break above resistance is a buy signal. In this case, 21.31, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NVAX slightly near 21.31, target 16.85, Stop Loss @ 21.36. Details
  • The technical summary data is suggesting a short of NVAX if it tests 21.31 with a downside target of 16.85. We should have a stop loss in place at 21.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 21.31, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

NVAX Ratings for November 24:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 -19.77
P2 15.99 16.60 2.32
P3 16.85 21.31 32.41
Triggers may have already come
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Chart of NVAX with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


NVAX Long Term Analysis for November 24 2022

The data for Novavax (NASDAQ: NVAX) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NVAX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NVAX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NVAX too.  All of these are offered below the Summary Table.

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