NVO Daily Technical Analysis
Novo Nordisk A/S
Danish pharma specializing in diabetes and weight-loss drugs such as Ozempic and Wegovy.
NVO Technical Analysis Summary
NVO is currently in a short-term corrective phase after facing rejection near the $64 level and falling back below the 200-day SMA. Technical indicators favor continued short-term weakness with a bearish MACD crossover and price trading below the 20-day moving average. However, the rising 50-day SMA provides a critical support zone below, which must hold to maintain the broader recovery structure seen since late 2024.
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NVO Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has crossed below the 20-day SMA and the 200-day SMA. MACD shows a fresh bearish crossover with negative histogram expansion, and RSI has declined from overbought territory to neutral.
Long-term Sentiment (weeks to months): Neutral
The stock is attempting to reverse a multi-month downtrend but is struggling at the declining 200-day SMA resistance. The 50-day SMA is rising, suggesting potential for a trend change if support holds.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:09:04.316Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $54.47 | $53.41 - $55.53 | Strong | Confluence of the 50-day SMA (53.41) and the Lower Bollinger Band (55.53). |
| $46.25 | $45.00 - $47.50 | Strong | Major double bottom support zone established in November and December. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $59.27 | $58.81 - $59.73 | Strong | Immediate resistance cluster: 200-day SMA (58.81) and 20-day SMA basis (59.73). |
| $64.21 | $63.92 - $64.50 | Weak | Recent swing high and Upper Bollinger Band resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Techical Pullback / Rejection | Bearish | $55.53 | After a strong rally into the Upper Bollinger Band, price was rejected and is retracing below key moving averages. |
| Weak | Rounding Bottom (Potential) | Bullish | $64.00 | Long-term structure resembles a rounding bottom or cup formation, currently forming a potential handle/consolidation phase. |
Frequently Asked Questions about NVO
What is the current sentiment for NVO?
The short-term sentiment for NVO is currently Bearish because Price has crossed below the 20-day SMA and the 200-day SMA. MACD shows a fresh bearish crossover with negative histogram expansion, and RSI has declined from overbought territory to neutral.. The long-term trend is classified as Neutral.
What are the key support levels for NVO?
StockDips.AI has identified key support levels for NVO at $54.47 and $46.25. These levels may represent potential accumulation zones where buying interest could emerge.
Is NVO in a significant dip or a Value Dip right now?
NVO has a Value Score of 185/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.