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 exhibits a strong technical recovery, having broken above the critical 200-day SMA for the first time in months. Momentum indicators are bullish, with the MACD rising and RSI pushing towards overbought territory, though the proximity to the upper Bollinger Band suggests a brief pause or consolidation is possible. The primary trend has shifted to bullish as long as price maintains above the 57-59 support zone.
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NVO Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is trading near the upper Bollinger Band and above short-term moving averages, supported by strong momentum with RSI near 70 and a rising MACD.
Long-term Sentiment (weeks to months): Bullish
Price has decisively broken above the 200-day SMA (58.93), signaling a potential long-term trend reversal after a prolonged downtrend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:09:09.417Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $57.93 | $56.92 - $58.93 | Strong | Confluence zone formed by the 20-day SMA (Bollinger Basis) and the 200-day SMA. |
| $51.50 | $51.00 - $52.00 | Strong | Cluster around the rising 50-day SMA and recent consolidation highs. |
| $45.50 | $45.00 - $46.00 | Weak | Recent swing low support area. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $64.32 | $63.91 - $64.74 | Weak | Immediate resistance at the daily high and the Upper Bollinger Band. |
| $70.00 | $69.00 - $71.00 | Strong | Historical price structure and consolidation zone from mid-2025. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Rounding Bottom | Bullish | N/A | Price has formed a broad U-shaped recovery base since August, culminating in the recent breakout above major moving averages. |
| Strong | Trend Reversal Breakout | Bullish | $70.00 | A clear breakout above the 200-day SMA accompanied by expanding volume and bullish MACD crossover. |
Frequently Asked Questions about NVO
What is the current sentiment for NVO?
The short-term sentiment for NVO is currently Bullish because Price is trading near the upper Bollinger Band and above short-term moving averages, supported by strong momentum with RSI near 70 and a rising MACD.. The long-term trend is classified as Bullish.
What are the key support levels for NVO?
StockDips.AI has identified key support levels for NVO at $57.93 and $51.50. 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 17/100. 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.