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Stock Trend Analysis Report

Prepared for you on Friday, December 1, 2023.

Novo Nordisk A/S (NYSE:NVO)

Bear Market Rally (-75) - NVO is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NVO as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid NVO?

MarketClub looks at technical strength and momentum to determine if the timing is right for NVO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low NVO Price Change
101.10 101.76 100.31 100.39 -1.45
Entry Signal

MarketClub’s Trade Triangles for NVO

long term down The long-term trend has been DOWN since Sep 20th, 2023 at 151.12

intermediate term up The intermediate-term trend has been UP since Nov 8th, 2023 at 102.25

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 102.14

Smart Scan Analysis for NVO

Based on our trend formula, NVO is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for NVO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
101.10 101.76 100.31 100.39 -1.45
Prev. Close Volume Bid Ask Time
101.84 4390088 2023-12-01 15:59:59
Year High58.37Year High Date2018-01-23
Year Low41.229Year Low Date2018-10-11
52wk High105.6952wk High Date2023-11-24
52wk Low62.4152wk Low Date2022-12-07
Year End Close163.21Average Volume4,839,371
Shares Outstanding6,905,960Short Interest665,002
% Institutional7.4Market Cap120,389M
P/E Ratio42.88Beta1.12
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