NanoVibronix, Inc. (NASDAQ: NAOV) cooled off today, closing down -6.45% at $1.16 on the 15-minute chart. This follows a sharp rally earlier that sent the stock as high as $1.47.
Key Technical Highlights:
Volatile Move: NAOV spiked aggressively but has since retraced, consolidating in the $1.15–$1.30 range.
Volume Surge: Strong volume accompanied the initial breakout, though selling pressure has emerged.
Short-Term Trend: Price remains above the pre-spike levels, still holding above the short-term moving average despite the pullback.
Resistance Levels: Immediate resistance sits around $1.30–$1.35, with a major high at $1.47.
Support Zones: New support lies around $1.00–$1.10, with further support lower near $0.85.
Elevated Volatility: ATR remains high, suggesting large swings may continue.
The Bottom Line:
NAOV has given back part of its recent gains but remains significantly higher than prior trading levels. Traders should watch for a potential bounce if support holds—or further selling if the $1.10 zone breaks.
Disclosure: This is not financial advice. Do your own research.