Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Novavax’s stock price (NVAX) fell in the intraday levels amid positive signals from the RSI while gathering positive momentum to rise anew, while also being buoyed by piercing the secondary downward trend line previously in the short term, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 6.72, provided the support of 4.34 holds on.
Trend forecast: Likely Bullish