Novavax, Inc. (NASDAQ:NVAX) in yesterday’s session. The price has fallen in 5 of the last 10 days .
Inside NVAX’s Recent Trend
Novavax, Inc. (NVAX) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -2.83% over the course of a quarter and, with 90% chance the price will be floating in the range of $0.73 and $1.44 in this timeframe.
Novavax, Inc. Technical Signals
NVAX has witnessed its long term and short term MA triggering a buy signal. Many traders watch for short-term averages to cross above long-term averages to signal the beginning of a uptrend. Upon corrections, the price will meet support from the averages between $1.16 and $1.11. A break down through these support points will trigger sell signals. Its pivot point low generated buy signal on Tuesday October 03, 2017, which calls for additional surge until the stock forms a new pivot point high. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Novavax, Inc. (NASDAQ:NVAX) Support And Resistance Levels
Novavax, Inc. (NVAX) recorded volume accumulation so there will probably be a surplus of buyers at $1.15. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $1.17, $1.18 and $1.42.
Accumulated volume is going to prevent the price from rising further at $1.17 and this action will lead the price to take a temporary pause or stay muted for a few days.
Novavax, Inc. (NVAX) Risk Assessment
The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $0.04 (3.51%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 2.63%.