Not a Turnaround but Could Be Soon Novo-Nordisk

January 14, 2025

Mish's Daily

By Mish Schneider


Obesity is rising and in the last 35 years, has more than doubled. The world population in 1999 to today is 42% or 22 million adults with a body mass index of 40 or higher.  

Competition with Novo-Nordisk is a factor, but analysts expect 20% or higher annual growth from the company for the next few years.  

Earnings expectations for the company are $3.24 per share this year.  

Novo-Nordisk (NVO) is an honorable mention pick in my Outlook 2025. 

Now, from a technical standpoint, it looks not only way oversold (even on the monthly charts), but also now at major support levels. 

What do we see in the charts? 

On the weekly chart, NVO fell right down to the 200-week moving average. Clearly the leadership is showing a gross lack of leadership. 

Real Motion has yet to indicate a mean reversion, which is very interesting as the last one was in October 2022, right before the huge runup.  

The Daily chart… 

is less interesting than the weekly chart. Once again, zooming out is helpful, just as it has been in the Economic Modern Family. 

Most notable on the Daily chart is that today we broke down under the low from December 20th and closed just shy of it. 

That makes prior low pivotal. 

As far as a trade, we will use the classic reversal pattern to determine entry with risk parameters. 

My favorite investment is a solid company that falls to a major moving average, is oversold and then reverses on good volume. 


I was honored to be a part of the Money Show’s Annual Picks for 2025. A panel sat down with Mike Larson, Editor in Chief of the Money Show, to discuss value versus growth and our picks.  

The free report Money Show’s favorite experts picks. 

 

Educational purposes only, not official trading advice.  

For more detailed trading information about our blended models, tools, and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more. 

 


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Mish in the Media-Want to see more? All clips here 

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Singapore Radio Broadcast Mish discusses that price discovery is crucial and will determine the narrative for the economy and market 01-13-25 

Business First AM Having trouble making money so far? Mish explains the importance of the January Trend Trade 01-10-25 

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Business First AM A sleeper trade and oldie is now on Mish’s radar 01-10-25 

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Fox Business Mish sits with Ash Webster to discuss headwinds and how to navigate them 12-26-24 

 

Coming Up: 

January 13, 27 Podcast   

January 15 BNN Bloomberg  

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Weekly: Business First AM  

 

ETF Summary 

(Pivotal means short-term bullish above that level and bearish below) 

S&P 500 (SPY) 580 now pivotal 

Russell 2000 (IWM) 215 now support 220 first resistance 

Dow (DIA) 421 support 430 resistance 

Nasdaq (QQQ) 500 key area to hold 

Regional banks (KRE) 60 cleared ahead of bank earnings-now must hold  

Semiconductors (SMH) 237 major support 250 resistance 

Transportation (IYT) While under resistance at 70, still holding-watch this 

Biotechnology (IBB) its 130 or bust   

Retail (XRT) Has to hold around 76   

iShares iBoxx Hi Yd Cor Bond ETF (HYG) 78.00 key area to hold  

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