(NVS) Long-term investment analysis

November 29, 2024, 11:48 PM ET, BY Rick O. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for NVS

• NONE. Details

There is currently no current support plan that could trigger a purchase of this stock. This usually means that there are no clear support levels at this point, so buying the stock when the price is falling could be seen as catching a falling knife. Buy signals only occur when resistance breaks upwards.
This is often a signal that the stock you are watching is weak. Waiting for a higher turn may be smarter than trying to catch a falling knife. In any case, new support levels are usually incorporated into the database at the beginning of the next trading session.

• Short NVS slightly below 107.75, target n/a, stop loss at 108.06 Details

The technical summary data suggests a short on NVS as it approaches 107.75, but the downside target is not available from the current data. This tells us to hold that position when it is triggered until a new downside target is set (updates occur at the start of each trading session) or until the position is stopped. The summary data shows us that there is a stop loss at 108.06. 107.75 is the first resistance level above 105.77, and basically any test of resistance is a short signal. In this case, if resistance 107.75 is tested, a short signal is present.

Swing trading plans for NVS

• Buy NVS just above 107.75, target 114.31, stop loss at 107.44 Details

If 107.75 starts to break out higher, the technical summary data tells us to buy NVS just above 107.75 with an upside target of 114.31. The data also tells us to set a stop loss at 107.44 in case the stock turns against the trade. 107.75 is the first resistance level above 105.77 and basically any break above resistance is a buy signal. In this case, 107.75, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short NVS slightly near 107.75, target 104.77, stop loss at 108.06. Details

Technical summary data suggests shorting NVS if it tests 107.75, with a downside target of 104.77. However, we should have a stop loss at 108.06 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if the resistance 107.75 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for NVS

• Buy NVS just above 107.75, target 114.31, stop loss at 107.5 Details

If 107.75 starts to break out higher, the technical summary data tells us to buy NVS just above 107.75 with an upside target of 114.31. The data also tells us to set a stop loss at 107.5 in case the stock turns against the trade. 107.75 is the first resistance level above 105.77 and basically any break above resistance is a buy signal. In this case, 107.75, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short NVS slightly near 107.75, target 105.12, stop loss at 108. Details

Technical summary data suggests shorting NVS if it tests 107.75, with a downside target of 105.12. However, we should have a stop loss at 108 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if the resistance 107.75 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Novartis Ag (NVS) available here: NVS.

NVS ratings for November 29th:

AI generated signals for NVS

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Technically, Novartis Ag (NYSE:NVS) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for NVS change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when NVS tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for NVS. All of this is offered below the overview table.