NOVANTA INC (NOVT) Stock Technical Analysis
NASDAQ:NOVT - Nasdaq - CA67000B1040 - Common Stock - Currency: USD
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.
91% of all other stocks performed better in the past year than NOVT.
NOVT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 83% are performing better than NOVT.
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 112.20 - 127.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
NOVT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 123.20. Right above this resistance zone may be a good entry point.
More info and screens
109.43
134.23
2 important support areas can be observed.
- Support @113.63 from a trend line in the daily time frame.
- Support @110.54 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 123.20 to 127.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @132.90 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 | 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 | 9.03 | NEGATIVE | NOVT has a low relative strength, it was outperformed by 90.97% 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 | NEGATIVE | The current price of NOVT is below 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) | 41.76 | NEUTRAL | The RSI value for NOVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NOVT has a negative trend. |
| Stochastics (14,3) | 46.1 | NEUTRAL | The Stochastics value for NOVT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for NOVT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.72 | 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)
114.97
-3.2 (-2.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-2.71%
1 Week-0.61%
2 Weeks-4.27%
1 Month-6.5%
3 Month-12.35%
6 Month-19.7%
12 Month-36.24%
2 Year-31.15%
3 Year-14%
5 Year7.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.74
ATR(20)%3.68%
ATR Inc27.67%
Range Today4.4
ADR(20)4.01
ADR(20)%3.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.03
Mansfield-2.81
10 Day High125.89
10 Day Low112.2
20 Day High127.91
20 Day Low112.2
52 Week High186.75
52 Week Low98.76
CS1 End113.63
CR1 Start123.2
Volume & EV
DER(3)-1.84%
DER(5)0.32%
Volume572.40K
Volume Incr59.89%
Vol(5)526.02K
Vol(50)301.16K