Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NVAX stock price has been consolidating inside a horizontal range-bound area over the daily time frame chart.</a> </li> 
 <li> <span>2</span> <a>Novavax stock dipped below the 20, 50, 100, and 200-days daily moving averages.</a> </li> 
 <li> <span>3</span> <a>Novavax (NASDAQ: NVAX) stock slumped by 33.43% year to date.</a> </li> 
</ul> 
<p>NVAX stock price has been consolidating inside a range-bound area and may rebound from the lower trendline. However, sellers are trying to pull NVAX share price towards the lower price range, and buyers need to come forward for the rescue of NVAX shares. NVAX may get support from the lower price range of the consolidation phase and revert back to its lowest level. Meanwhile, investors in Novavax Inc (NASDAQ: NVAX) need to wait for any directional change over the daily time frame chart.</p> 
<p>Novavax’s NVAX stock price was at $7.05, and it lost 8.20% of its market capitalization during Wednesday’s trading session. Trading volume was above average under the influence of sellers. Buyers need to accumulate themselves to push NVAX upward from the lower price range. Meanwhile, if NVAX share price breaks out of the $10 resistance, then it needs to sustain there to continue the recovery phase.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-nvax-stock-reach-the-10-mark-strong"><strong>Will NVAX Stock Reach the $10 Mark?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-643-1024x594.png" alt="Novavax Inc.: Will NVAX Stock Break This Range-Bound Area?" class="wp-image-170098" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-643-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-643-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-643-768x446.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-643-1536x891.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-643-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-643-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-643.png 1539w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: NASDAQ: NVAX by <a href="https://www.tradingview.com/x/g8eQC241/" target="_blank" rel="noreferrer noopener">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>NVAX stock price has been caged inside the consolidation phase and has been trying to register its breakout but has failed multiple times. Now buyers may come forward for the rescue of NVAX shares. As it approaches the lower trendline of the consolidation phase, NVAX may get the desired support to initiate its recovery phase and reach the upper threshold of the consolidation phase. Novavax stock has been consolidating inside the horizontal price range of $6.62 and $10.35.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/08/17/novavax-inc-nasdaq-nvax-will-nvax-stock-jump-for-breakout/" target="_blank" rel="noreferrer noopener">Novavax stock price </a>declined around 10.65% in a week and 2.76% in a month. Continuing the slippage, NVAX shares slumped around 4.60% in the last three months while managing to gain 23.04% in the last six months. In addition, NVAX stock slipped by 33.43% year to date. This shows that 2023 has not been that good for Novavax stock till now.&nbsp;</p> 
<p>Technical indicators suggest the decline of NVAX stock price. The relative strength index (RSI) and moving average convergence divergence both confirm the fall of NVAX shares towards the lower trendline.&nbsp;</p> 
<p>RSI was at 41 and is heading towards oversold territory. The MACD line is below the signal line in the negative zone after crossing the signal line downwards. Investors in Novavax Inc (NASDAQ: NVAX) need to wait for any directional change over the daily time frame chart.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>NVAX stock price has been consolidating inside a range-bound area and may rebound from the lower trendline. NVAX may get support from the lower price range of the consolidation phase and revert back to its lowest level. Now buyers may come forward for the rescue of the NVAX shares. Technical indicators suggest the decline of NVAX stock price.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $6.95 and $6.65</p> 
<p><strong>Resistance Levels:</strong> $8.01 and $9.00</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;&nbsp;&nbsp;</p>

Novavax Inc.: Will NVAX Stock Break This Range-Bound Area?

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