As of March 25, 2026, NVO (Novo Nordisk A/S Sponsored ADR) is in a falling knife state on the daily chart, with a confidence level of 72%. Key support is at $36.0 and key resistance at $40.2. Price at ~$36.89 is grinding sideways after a sharp breakdown; still well below all key MAs with RSI ~32 (weak/near-oversold).
Dead-cat bounce into declining EMA50/overhead supply, then rejection and retest/undercut of the recent low (Elliott: likely late wave 5 / wave C extension before base attempt).
Capitulation low holds and price starts a base; reclaim of EMA50 leads to mean-reversion toward EMA100/SMA50 cluster (Elliott: start of ABC corrective up after completing impulse down).
Daily close below ~$36.00 (new LL) confirms continuation risk
Two consecutive daily closes above ~$40.25 (EMA50 reclaim area) invalidates falling-knife and shifts to bottoming attempt
Scale near the current swing-low support (~$36) with adds on an undercut; heavy add only if washout into next fib/psych support while RSI stays depressed and selling exhausts.
Trim into mean-reversion back toward SMA/EMA resistance stacks (SMA50/100 then EMA200/SMA200 zones); close into major long-term MA reclaim/upper supply where multi-year stretch risk rises.
As of March 25, 2026, NVO (Novo Nordisk A/S Sponsored ADR) is in a falling knife state on the daily chart with 72% confidence. Price at ~$36.89 is grinding sideways after a sharp breakdown; still well below all key MAs with RSI ~32 (weak/near-oversold).
On the daily timeframe, NVO has key support at $36.0 and key resistance at $40.2. The most likely scenario (bearish) targets $40.0 and $34.5, with a revert level at $38.2.
NVO (Novo Nordisk A/S Sponsored ADR) is currently classified as falling knife on the daily chart, with 72% confidence. Confirmation requires: Daily close below ~$36.00 (new LL) confirms continuation risk This would be invalidated by: Two consecutive daily closes above ~$40.25 (EMA50 reclaim area) invalidates falling-knife and shifts to bottoming attempt
The most likely scenario (bearish) targets $40.0 and $34.5, with a revert level at $38.2. The alternative scenario (bullish) targets $40.2 and $44.2.
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