2D·

Last update Novo Nordisk - a technical view 📈

$NOVO B (+1,18 %) A final chart analysis on earning day. The spook is over - In the chart you can see the last few days in the 1h chart in the focus area of the white ellipse.

As already known, Novo ran up to the first resistance zone (Monday, May 5), from then on it became difficult - the buying interest decreased, and traders who used the entry at the lower edge of the VWAP also sold again.

Today's figures then provided a strong boost in the first two hours of trading. Things then got tough again pretty much in the middle of the resistance zone at €63. Volumes dropped - we ended up at €59.74 at the XETRA close - today's volume-weighted average price was €61.43 (green arrow).

So, that's it for the rest of my $NOVO B (+1,18 %) analysis. I am still confident and also glad to have increased my position again at 50. Now it's time to be patient. Over the next few days and weeks, we will see whether the many good analyst ratings, some with "overweight" recommendations, can attract a lot of new capital again.

TomTurboInvest

@TomTurboInvest

4D·

Update Novo Nordisk - a technical review📈

$NOVO B (+1,18 %) Earnings are approaching - as outlined in the update 3 days ago (May 1), the first potential threshold was reached today. Let's see if the momentum is sufficient to break through the resistance. I'm curious to see where Novo will be at the close of trading today🤔

It is impossible to predict how the market will react to the earnings on May 7 anyway, no matter how good a crystal ball some people think they have 😉

Although a lot of bad news has already been priced in and taken into account by analysts, even minor deviations from expectations can lead to major swings - both negative and positive.

The "good" thing is that there is already a good 23% distance to the strong support around €50 from April 17, i.e. there would be enough room to process bad news and still be able to hold this important threshold. The momentum of the last 2 weeks has been quite strong, so the situation remains exciting.

As is generally the case with Novo, in turbulent times the share price does not always reflect the value of the company. I remain invested and am confident that the fundamental strength will be reflected in the share price sooner or later 👍

4h Chart XETRA May 1, 2025:

4h Chart XETRA May 5, 2025:

EDIT: 1h Chart XETRA daily course until close of trading.

For those interested, the course of the day with a focus on the close. Buying interest was lost almost exactly at the threshold. This may have something to do with the fact that TPs (take profit) are often located at such thresholds, or as was the case today, where volumes also declined during the course of the day. The volume-weighted average price of the session also fell throughout the day. In the last hour of trading, there was increased volume again, but it ultimately closed at the day's low.

The previous analyses can be found in the feed of the last 2 weeks.

4 Comentarios

Patrick@Pazi3

Are you going to do it again now that the prospects are rather positive?

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TomTurboInvest@TomTurboInvest

@Pazi3 my position is already quite large, I would only have added to it if there had been another significant dip.

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András A.@Spinat

13H

It doesn't want to go over 60€ apparently.

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TomTurboInvest@TomTurboInvest

11H

@Spinat Well, this zone seems to be a strong resistance. Let's see what happens over the next few days. Large investors can only enter gradually, otherwise they will drive the price up - let's see how these investors deal with the current valuation. It is always exciting to observe how volumes behave after earnings.

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