111.89 USD
+3.15 (+2.9%)
111.89 USD
0 (0%)
Overall NOVT gets a technical rating of 0 out of 10. NOVT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
83% of all other stocks performed better in the past year than NOVT.
NOVT is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 71% of 123 stocks in the same industry do better.
NOVT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NOVT has a been trading in the 98.27 - 137.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NOVT has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
98.23
135.97
When analyzing the support we notice one important area.
- A support zone ranging from 99.22 to 100.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 111.90 to 112.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @123.25 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 134.62. 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 | DOWN | NEGATIVE | The long term trend for NOVT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NOVT is neutral. |
| ChartMill Relative Strength | 17.64 | NEGATIVE | NOVT has a low relative strength, it was outperformed by 82.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NOVT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NOVT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NOVT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.7 | NEUTRAL | The RSI value for NOVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests NOVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.2 | NEUTRAL | The Stochastics value for NOVT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.91 | HIGH VOLATILITY | The high ATR as a percentage value for NOVT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.57 | NEUTRAL | The ADX value for NOVT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
111.89
+3.15 (+2.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.9%
1 Week12.4%
2 Weeks4.81%
1 Month-12.37%
3 Month-3.88%
6 Month-9.63%
12 Month-32.99%
2 Year-22.54%
3 Year-29.07%
5 Year-6.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.61
ATR(20)%5.91%
ATR Inc-36.77%
Range Today4.3
ADR(20)6.14
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.64
3 months CRS31.16
6 months CRS19.49
Mansfield-2.09
10 Day High113.09
10 Day Low98.27
20 Day High137.35
20 Day Low98.27
52 Week High173.16
52 Week Low98.27
CS1 End100.05
CR1 Start111.9
Volume & EV
DER(3)2.97%
DER(5)1.44%
Volume461.63K
Volume Incr-45.09%
Vol(5)563.35K
Vol(50)659.48K
NOVANTA INC / NOVT FAQ
What is the technical rating for NOVT stock?
ChartMill assigns a technical rating of 0 / 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 51.6955. 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 neutral.