119.41 USD
+0.46 (+0.39%)
119.41 USD
0 (0%)
Taking everything into account, NOVT scores 5 out of 10 in our technical rating. In the past year, NOVT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, NOVT is a bad performer in the overall market: 77% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NOVT has a been trading in the 98.27 - 121.95 range, which is quite wide. It is currently trading near the high of this range.
NOVT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, NOVT did better than 43% of them.
NOVT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NOVT is lagging the market.
Considerably lower volume is observed in the last couple of days.
NOVT has an average technical rating and also the quality of the setup is only medium 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
99.05
134.23
When analyzing the support we can see 3 important areas.
- A support zone ranging from 111.48 to 114.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @103.79 from a horizontal line in the weekly time frame.
- Support @100.05 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @120.01 from a trend line in the weekly time frame.
- Resistance @126.31 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 | 23.05 | NEGATIVE | NOVT has a low relative strength, it was outperformed by 76.95% off all stocks 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 | NEGATIVE | The current price of NOVT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.77 | NEUTRAL | The RSI value for NOVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.04 | POSITIVE | The MACD value suggests NOVT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.28 | OVERBOUGHT | The high Stochastics value suggests NOVT may be overbought. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for NOVT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.04 | NEGATIVE | The low ADX value for NOVT suggests a weak or negative 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)
119.41
+0.46 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.39%
1 Week3.42%
2 Weeks7.11%
1 Month15.05%
3 Month4.12%
6 Month-0.95%
12 Month-22.21%
2 Year-29.1%
3 Year-12.11%
5 Year1.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.24
ATR(20)%3.11%
ATR Inc-31.79%
Range Today2.37
ADR(20)3.67
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.05
3 months CRS74.89
6 months CRS28.09
Mansfield-1.4
10 Day High121.95
10 Day Low110.46
20 Day High121.95
20 Day Low98.27
52 Week High157.11
52 Week Low98.27
CS1 End114.53
CR1 Start120.01
Volume & EV
DER(3)-3.25%
DER(5)-2.48%
Volume373.70K
Volume Incr-44.66%
Vol(5)364.36K
Vol(50)640.84K
NOVANTA INC / NOVT FAQ
What is the technical rating for NOVT stock?
ChartMill assigns a technical rating of 5 / 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 58.7734. 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.