NVO Weekly 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 in a pronounced long-term downtrend on the weekly chart, having fallen significantly from its peak. It is currently trading below all key moving averages with bearish momentum indicators. The immediate focus is on whether the 30-35 support zone holds.
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NVO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is below the 20, 50, and 200 SMAs. The RSI is hovering near oversold territory, and the MACD is negative and declining.
Long-term Sentiment (weeks to months): Bearish
The chart shows a significant downtrend from a peak near 150. Price is below a downward sloping 50-week SMA, and the MACD remains below zero.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-03-21T09:06:16.262Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $32.50 | $30.00 - $35.00 | Strong | Recent consolidation zone and swing low. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $50.00 | $48.00 - $52.00 | Strong | Previous swing high and near the 50-week SMA. |
| $62.50 | $60.00 - $65.00 | Strong | Prior consolidation level before further downside. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Downtrend | Bearish | N/A | Consistent pattern of lower highs and lower lows from the peak near 150. |
Frequently Asked Questions about NVO
What is the current sentiment for NVO?
The short-term sentiment for NVO is currently Bearish because Price is below the 20, 50, and 200 SMAs. The RSI is hovering near oversold territory, and the MACD is negative and declining.. The long-term trend is classified as Bearish.
What are the key support levels for NVO?
StockDips.AI has identified key support levels for NVO at $32.50. 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 93/100. It is 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.