We assign a technical rating of 8 out of 10 to NOVT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NOVT is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- NOVT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NOVT is lagging the market slightly.
- NOVT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, NOVT turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- NOVT is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry, NOVT did better than 51% of them.
NOVT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 134.31, a Stop Loss order could be placed below this zone.
More info and screens
99.05
5 important support areas can be observed.
- A support zone ranging from 137.27 to 137.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 132.62 to 134.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @119.65 from a trend line in the daily time frame.
- Support @115.80 from a trend line in the weekly time frame.
- Support @100.05 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @140.76 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NOVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NOVT is up. |
| ChartMill Relative Strength | 65.92 | NEUTRAL | NOVT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NOVT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NOVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NOVT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.89 | NEUTRAL | The RSI value for NOVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests NOVT has a negative trend. |
| Stochastics (14,3) | 53.93 | NEUTRAL | The Stochastics value for NOVT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for NOVT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.74 | POSITIVE | The high ADX value value for NOVT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 137.91 | 132.61 | 5.30 (3.84%) | 25.00% |
| An entry @137.91. This is a Buy Stop order right above the resistance zone. | An exit @132.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.30 points, which is 3.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- The distance between exit and entry is rather small compared to the average daily movement of NOVT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:NOVT (2/3/2026, 10:55:49 AM)
138.7
+4.38 (+3.26%)
NOVANTA INC / NOVT FAQ
What is the technical rating for NOVT stock?
ChartMill assigns a technical rating of 8 / 10 to NOVT.
What is the current trend direction of NOVANTA INC (NOVT) stock?
The current trend direction for NOVANTA INC (NOVT) is Bullish.
Can you provide the RSI signal for NOVANTA INC?
NOVANTA INC (NOVT) has an RSI value of 55.8896. This indicates that the stock is currently neutral.
What is the MACD signal for NOVANTA INC (NOVT) stock?
The MACD indicator for NOVANTA INC (NOVT) has a value of -0.381353, indicating a bearish trend.
Can you provide the support and resistance levels for NOVANTA INC?
NOVANTA INC (NOVT) has a support level at 134.31 and a resistance level at 137.27. Check the full technical report for our detailed analysis of NOVT support and resistance levels.