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 confirmed long-term bear market following a massive decline from highs of ~140 to lows near 35. While a relief rally is currently underway, the price has just been rejected at the 50-week SMA (61.92), suggesting the downtrend remains dominant. Unless the stock can reclaim the 50 and eventually the 200-week SMAs, the technical outlook remains negative with risk of retesting lows.
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NVO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
The price has staged a recovery rally from recent lows and RSI has normalized to ~52, but the current weekly candle shows a clear rejection at the 50-week SMA resistance.
Long-term Sentiment (weeks to months): Bearish
The stock has suffered a catastrophic trend reversal, confirmed by a 'Death Cross' (50 SMA crossing below 200 SMA) and price remaining deeply below the 200-week moving average.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:27:59.273Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $47.50 | $45.00 - $50.00 | Weak | Minor consolidation area during the recent recovery phase. |
| $37.50 | $35.00 - $40.00 | Strong | The swing low of the major crash, serving as critical structural support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $62.96 | $61.92 - $64.00 | Strong | Immediate resistance at the 50-week SMA (61.92) where price was rejected this week (High 64.00). |
| $84.00 | $83.00 - $85.00 | Strong | Confluence of the 200-week SMA (83.50) and previous breakdown levels. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Death Cross | Bearish | N/A | The 50-week SMA has crossed below the 200-week SMA, confirming a major shift to a long-term bearish regime. |
| Weak | V-Reversal Attempt | Neutral | $62.00 | Price sharply rebounded from the ~35-40 lows but is now struggling to break dynamic resistance. |
Frequently Asked Questions about NVO
What is the current sentiment for NVO?
The short-term sentiment for NVO is currently Neutral because The price has staged a recovery rally from recent lows and RSI has normalized to ~52, but the current weekly candle shows a clear rejection at the 50-week SMA resistance.. 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 $47.50 and $37.50. 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 186/100. 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.