When the Price of (NVO) Talks, People Listen
February 07, 2025, 17:12 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NVO
- Buy NVO near 83.4 target 99.18 stop loss @ 83.16 Details
The technical summary data tells us to buy NVO near 83.4 with an upside target of 99.18. This data also tells us to set a stop loss @ 83.16 to protect against excessive loss in case the stock begins to move against the trade. 83.4 is the first level of support below 86.34 , and by rule, any test of support is a buy signal. In this case, support 83.4 would be being tested, so a buy signal would exist.
- Short NVO slightly under 99.18, target 83.4, stop loss @ 99.47 Details
The technical summary data is suggesting a short of NVO as it gets near 99.18 with a downside target of 83.4. We should have a stop loss in place at 99.47though. 99.18 is the first level of resistance above 86.34, and by rule, any test of resistance is a short signal. In this case, if resistance 99.18 is being tested, so a short signal would exist.
Swing Trading Plans for NVO
- Buy NVO slightly over 88.41, target 99.18, Stop Loss @ 88.15 Details
If 88.41 begins to break higher, the technical summary data tells us to buy NVO just slightly over 88.41, with an upside target of 99.18. The data also tells us to set a stop loss @ 88.15 in case the stock turns against the trade. 88.41 is the first level of resistance above 86.34, and by rule, any break above resistance is a buy signal. In this case, 88.41, 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 NVO slightly near 88.41, target 83.48, Stop Loss @ 88.67. Details
The technical summary data is suggesting a short of NVO if it tests 88.41 with a downside target of 83.48. We should have a stop loss in place at 88.67 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, 88.41, 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 NVO
- Buy NVO slightly over 88.47, target 99.18, Stop Loss @ 88.26 Details
If 88.47 begins to break higher, the technical summary data tells us to buy NVO just slightly over 88.47, with an upside target of 99.18. The data also tells us to set a stop loss @ 88.26 in case the stock turns against the trade. 88.47 is the first level of resistance above 86.34, and by rule, any break above resistance is a buy signal. In this case, 88.47, 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 NVO slightly near 88.47, target 85.28, Stop Loss @ 88.68. Details
The technical summary data is suggesting a short of NVO if it tests 88.47 with a downside target of 85.28. We should have a stop loss in place at 88.68 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, 88.47, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Novo Nordisk A/s (NVO) available here: NVO.
NVO Ratings for February 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
83.4 |
| P2 |
85.28 |
83.48 |
99.18 |
| P3 |
88.47 |
88.41 |
115.37 |
AI Generated Signals for NVO
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Novo Nordisk A/s (NYSE: NVO) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for NVO can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NVO:
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