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Technical Assessment: Bearish in the Intermediate-Term

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Novo Nordisk A/S (NVO) Stock Forecasts

AllTechnical Analysis

Argus•October 31, 2023

Intermediate Term

Long Term

Summary

This is a big week for the stock market, with the FOMC rate decision on Wednesday (no change expected), as well as rate decisions from the Bank of Japan and Bank of England. On Wednesday, the Treasury Department announces its anticipated borrowing needs for the coming three months. In addition, more than 160 S&P 500 companies report results this week, including Apple. This is the busiest five-day stretch of the EPS season.

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