NOVANTA INC (NOVT) Stock Technical Analysis
NASDAQ:NOVT - Nasdaq - CA67000B1040 - Common Stock - Currency: USD
Overall NOVT gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NOVT was also a bad performer in the overall market in the last year.
76% 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. 66% of 125 stocks in the same industry do better.
In the last month NOVT has a been trading in the 99.07 - 133.28 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NOVT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NOVT is lagging the market slightly.
NOVT has a poor technical rating and the quality of the setup is also 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
116.51
185.94
We found 2 important support areas.
- A support zone ranging from 124.02 to 125.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @117.69 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 131.16 to 132.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @139.33 from a trend line in the daily time frame.
- Resistance @184.10 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.75
Mansfield-1.98
10 Day High133.28
10 Day Low99.07
20 Day High133.28
20 Day Low99.07
52 Week High187.12
52 Week Low98.76
Performance
1 Week6.78%
2 Weeks7.53%
1 Month14.48%
3 Month-8.38%
6 Month-22.01%
12 Month-19.53%
2 Year-20.79%
3 Year6.68%
5 Year27.71%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.83
RSI(14)61.57
LBB112.85
UBB135.36
129.26
-1.91 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.46%
1 Week6.78%
2 Weeks7.53%
1 Month14.48%
3 Month-8.38%
6 Month-22.01%
12 Month-19.53%
2 Year-20.79%
3 Year6.68%
5 Year27.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.2
ATR(20)%4.05%
ATR Inc-33.52%
Range Today1.21
ADR(20)4.78
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.75
Mansfield-1.98
10 Day High133.28
10 Day Low99.07
20 Day High133.28
20 Day Low99.07
52 Week High187.12
52 Week Low98.76
CS1 End125.81
CR1 Start131.18
Volume & EV
DER(3)1.88%
DER(5)1.77%
Volume117.01K
Volume Incr30.24%
Vol(5)393.12K
Vol(50)345.68K