NVO technical analysis
NVO Technical Analysis
Analysis date
August 5, 2026
Market
NYSE (USD)
Daily cutoff
August 4, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
NVO Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- NVO
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 4, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 44.28 | August 4, 2026 | - | Verified |
| Verification series | 44.24 | August 4, 2026 | 0.09% | Verified |
Bottom line
NVO Technical Analysis Summary
NVO (Novo Nordisk) broke down sharply on August 4, 2026, closing at 44.28 after a 5.97% loss on volume about 4.06 times its 20-day average, the heaviest participation in the recent decline. The daily close is now below all three major moving averages, with SMA20 at 49.22, SMA50 at 46.87 and SMA200 at 45.87, and it has also closed below the lower Bollinger band at 45.78. Daily RSI14 at 34.81 is approaching oversold. The weekly series, which ends with the week of July 27, 2026 at 47.08, still shows price above SMA20 (43.78) with a positive MACD histogram, but it does not yet include the August 4 collapse. Support is at the 20-day low (43.68), the 60-day low (41.00) and the 52-week low (34.58). Resistance is at the SMA20 area (49.22) and the 20-day high (52.12). The recovery from the 2026 lows is under threat until the daily chart reclaims the SMA20 zone, and the scheduled August 5 earnings report adds a binary catalyst.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 4, 2026)
- Trend
- Bearish in the near term. Price at 44.28 is below SMA20 (49.22, -10.03%), SMA50 (46.87, -5.53%) and SMA200 (45.87, -3.47%), so the August 4 selloff pushed the stock below every major daily moving average. The daily average stack has not yet fully rolled into a bearish alignment, with SMA20 still above SMA50, but the gap is narrowing quickly and the breakdown puts the trend structure under pressure.
- Momentum
- Bearish and approaching oversold. Daily RSI14 at 34.81 is the weakest reading in recent months and close to the 30 oversold zone. The MACD line at 0.08 is below the signal line at 0.73 and the histogram at -0.66 has turned negative, confirming deteriorating momentum. Because most of the move happened on August 4, near-term readings could stabilize before any further decline.
- Volatility
- Elevated. ATR14 at 1.78 is about 4.03% of price, and the August 4 close at 44.28 is below the lower Bollinger band at 45.78, which typically reflects a sharp volatility expansion. The upper band sits at 52.65. A close back inside the bands would be a first sign of stabilization.
- Volume
- Well above average. Volume on August 4 was 45.69 million shares, roughly 4.06 times the 20-day average of 11.25 million, showing heavy participation in the decline. Sustained high volume on down days would point to continued distribution.
Assessment
The daily chart shows a sharp breakdown rather than a normal pullback. Price closing below all three daily moving averages on roughly 4x average volume is a clear distribution signal, and RSI at 34.81 is near oversold with price under the lower Bollinger band. The first support is the 20-day low at 43.68, followed by the 60-day low at 41.00 and the 52-week low at 34.58. A close back above the SMA20 at 49.22 would be required to restore the short-term uptrend. Oversold conditions can extend, so the August 4 low should be watched closely before drawing conclusions.
Weekly (July 27, 2026 week)
- Trend
- Mixed but fragile. The weekly series ends with the week of July 27, 2026, when price closed at 47.08, above SMA20 (43.78) but below SMA50 (47.55) and well below SMA200 (77.11). The August 4 daily breakdown has not yet entered the weekly series, so the weekly picture will look materially weaker once the current week completes.
- Momentum
- Neutral with a recent positive shift. Weekly RSI14 at 51.16 sits right at the 50 midline. The weekly MACD line at 0.44 is above the signal line at -0.57 and the histogram at 1.01 is positive, reflecting the recovery from the 2026 lows before the August 4 selloff.
- Volatility
- Elevated for the recent recovery range. Weekly ATR14 at 3.80 is about 8.08% of price, wide enough that single weekly bars can move the setup quickly. Price at 47.08 sits between the Bollinger bands of 34.37 and 53.19, closer to the middle band at 43.78.
- Volume
- Slightly below average. Weekly volume of 62.43 million was about 0.91 times the 20-week average of 68.46 million, so the week of July 27 itself saw no unusual participation; the volume spike came later on August 4.
Assessment
The weekly chart still carries the recovery that lifted price from the 52-week low area (34.58) through July, with a positive weekly MACD histogram and price above SMA20. But SMA50 and SMA200 remain above price, and the August 4 crash threatens to unwind that recovery. A weekly close below SMA20 (43.78) would shift the weekly view to bearish and open the path toward the 60-week low (34.58). The next completed weekly bar will determine whether the recovery holds.
Key indicators
NVO Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 34.81 | 51.16 |
| MACD (12, 26, 9) | 0.08 / 0.73 / -0.66 | 0.44 / -0.57 / 1.01 |
| ATR (14) | 1.78 (4.03%) | 3.80 (8.08%) |
| Bollinger Bands (20, 2) | 45.78 - 52.65 | 34.37 - 53.19 |
| SMA (20) | 49.22 | 43.78 |
| SMA (50) | 46.87 | 47.55 |
| SMA (200) | 45.87 | 77.11 |
Price structure
NVO Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 44.28 | 47.08 |
| 1-Period Return | -5.97% | -3.47% |
| 5-Period Return | -13.11% | -2.06% |
| 20-Period Return | -10.80% | +28.57% |
| 60-Period Return | -3.32% | -33.86% |
| 252-Period Return | -3.67% | +8.74% |
| 52-Week Low | 34.58 | 34.58 |
| 52-Week High | 61.89 | 61.89 |
| 52-Week Position | 35.51% | 45.77% |
Key levels
NVO Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 52.12 | 52.12 |
| 20-Period Low | 43.68 | 34.62 |
| 60-Period High | 52.12 | 77.68 |
| 60-Period Low | 41.00 | 34.58 |
Scenarios
NVO Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price reclaims the SMA20 zone (49.22) on the daily chart and holds above it, with a close back inside the Bollinger bands and volume normalizing toward the 20-day average.
Invalidation
Price breaks below the 20-day low (43.68) and fails to recover, extending the August 4 distribution.
What to watch
Daily RSI climbing back above 40 and then 50; the MACD histogram turning less negative; the August 4 low holding on retests; weekly price staying above SMA20 (43.78).
Range-Bound
Trigger
Price stabilizes between the 60-day low (41.00) and the SMA20 resistance area (49.22) as sellers and buyers balance after the August 4 spike.
Invalidation
A decisive close below 41.00 or above 52.12 (20-day high) with rising volume.
What to watch
RSI recovering toward 45 to 50; volume easing back toward the 20-day average; price holding above the August 4 low; weekly close behavior around SMA20 (43.78); reaction to the scheduled August 5 earnings report.
Bearish
Trigger
Price breaks below the 60-day low (41.00), making a push toward the 52-week low (34.58) likely and confirming that the medium-term recovery has failed.
Invalidation
Price reclaims SMA50 (46.87) and closes back above the August 4 opening range.
What to watch
Daily RSI falling below 30; the histogram continuing to widen negative; distribution volume persisting on down days; weekly MACD flipping back to a negative histogram; guidance and pipeline news flow after the August 5 report.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 4, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 4, 2026, weekly July 27, 2026 week. Generated August 5, 2026.
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