NVTS Technical Analysis - NAVITAS SEMICONDUCTOR CORP

Technical Rating and Analysis

Taking everything into account, NVTS scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVTS is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

NVTS is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 91% of 112 stocks in the same industry.

NVTS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVTS is lagging the market slightly.

In the last month NVTS has a been trading in the 5.44 - 7.54 range, which is quite wide. It is currently trading near the high of this range.

NVTS has an average volume of 20569900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, NVTS did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NAVITAS SEMICONDUCTOR CORP / NVTS Weekly stock chart

NAVITAS SEMICONDUCTOR CORP / NVTS Daily stock chart

Setup Rating and Analysis

Although NVTS has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.26

8.25

We found 2 important support areas.

A support zone ranging from 7.31 to 7.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 6.32 to 6.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for NVTS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NVTS is up.
ChartMill Relative Strength	96.58	POSITIVE	NVTS has a high relative strength, it outperformed 96.58% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NVTS is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of NVTS is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NVTS is above the rising SMA(200).
Relative Strength Index/RSI (14)	62.27	NEUTRAL	The RSI value for NVTS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests NVTS has a positive trend.
Stochastics (14,3)	83.54	OVERBOUGHT	The high Stochastics value suggests NVTS may be overbought.
Average True Range in percent/ATR (20)	6.4	HIGH VOLATILITY	The high ATR as a percentage value for NVTS suggests high volalility.
Average Directional Index/ADX (14)	22.24	NEUTRAL	The ADX value for NVTS suggests a possible start of a new trend.