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
The weekly chart reveals a dramatic shift from a prolonged, powerful multi-year uptrend to a dominant, structural bear market. After peaking above 140, the price has suffered a severe, sustained decline, breaking below all key moving averages. The current technical posture remains heavily bearish across both short and long-term timeframes, with price action characterized by lower highs and lower lows. Any near-term strength faces formidable overhead resistance from declining moving averages and prior breakdown zones.
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NVO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price remains suppressed below declining 20-week and 50-week SMAs. RSI is trapped below the 50 centerline, indicating ongoing bearish momentum. While the MACD has a slight positive crossover, it is deep in negative territory, suggesting a weak counter-trend bounce rather than a reversal.
Long-term Sentiment (weeks to months): Bearish
The long-term chart structure is defined by a massive top formation followed by a severe breakdown. The 50-week SMA has crossed below the 200-week SMA, and price is trading far below all major long-term moving averages in an established downtrend.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:35:04.636Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $41.25 | $40.00 - $42.50 | Strong | Recent major swing low area and confluence with the lower weekly Bollinger Band. |
| $32.50 | $30.00 - $35.00 | Weak | Historical consolidation zones from the 2021-2022 uptrend, serving as long-term downside targets if the current low breaks. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $53.50 | $52.00 - $55.00 | Strong | Immediate resistance zone featuring the declining 20-week SMA and recent consolidation highs. |
| $61.00 | $59.00 - $63.00 | Strong | Major structural resistance zone aligning with previous swing highs, the upper Bollinger Band, and the declining 50-week SMA. |
| $82.50 | $80.00 - $85.00 | Strong | Major long-term resistance defined by the 200-week SMA and historical breakdown levels. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Sustained Downtrend | Bearish | N/A | A prolonged multi-month pattern characterized by a sequence of lower highs and lower lows below key declining moving averages. |
Frequently Asked Questions about NVO
What is the current sentiment for NVO?
The short-term sentiment for NVO is currently Bearish because Price remains suppressed below declining 20-week and 50-week SMAs. RSI is trapped below the 50 centerline, indicating ongoing bearish momentum. While the MACD has a slight positive crossover, it is deep in negative territory, suggesting a weak counter-trend bounce rather than a reversal.. 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 $41.25 and $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 77/100. 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.