Taking everything into account, NOVT scores 7 out of 10 in our technical rating. In the last year, NOVT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
NOVT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 122.71, a Stop Loss order could be placed below this zone.
More info and screens
99.05
We found 2 important support areas.
- A support zone ranging from 118.28 to 122.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @100.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @126.02 from a trend line in the weekly time frame.
- Resistance @128.65 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 131.17 to 132.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for NOVT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NOVT is up. |
| ChartMill Relative Strength | 41.85 | 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) | DOWN | MIXED | The current price of NOVT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.51 | NEUTRAL | The RSI value for NOVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests NOVT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.66 | OVERBOUGHT | The high Stochastics value suggests NOVT may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for NOVT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.47 | NEUTRAL | The ADX value for NOVT suggests a possible start of a new 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 |
|---|---|---|---|
| 126.03 | 118.27 | 7.76 (6.16%) | 16.24% |
| An entry @126.03. This is a Buy Stop order right above the resistance zone. | An exit @118.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.76 points, which is 6.16%. | For a 1.00% total portfolio risk, you can invest 16.24% of your capital in this trade. |
- 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.
122.72
+0.09 (+0.07%)
NOVANTA INC / NOVT FAQ
What is the technical rating for NOVT stock?
ChartMill assigns a technical rating of 7 / 10 to NOVT.
Can you provide the trend direction for NOVANTA INC?
The current trend direction for NOVANTA INC (NOVT) is Bearish.
Can you provide the RSI signal for NOVANTA INC?
NOVANTA INC (NOVT) has an RSI value of 61.5054. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NOVANTA INC?
The short term momentum for NOVANTA INC (NOVT) is positive.