NAVITAS SEMICONDUCTOR CORP (NVTS) Technical Analysis
NASDAQ:NVTS • US63942X1063
Taking everything into account, NVTS scores 7 out of 10 in our technical rating. In the past year, NVTS was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, we notice that NVTS is one of the better performing stocks in the market, outperforming 98% of all stocks.
- NVTS is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. NVTS outperforms 96% of them.
- In the last month NVTS has a been trading in the 7.71 - 10.88 range, which is quite wide. It is currently trading near the high of this range.
- NVTS has an average volume of 23429800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- NVTS 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 NVTS is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NVTS has an excellent technical rating, but 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
7.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.29 to 8.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.86 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.92 from a horizontal line in the weekly time frame.
- Resistance @11.30 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 | NEUTRAL | NEUTRAL | The long term trend for NVTS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVTS is neutral. |
| ChartMill Relative Strength | 98.36 | POSITIVE | NVTS has a high relative strength, it outperformed 98.36% 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) | UP | POSITIVE | The current price of NVTS is above the rising 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) | 56.19 | NEUTRAL | The RSI value for NVTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests NVTS has a positive trend. |
| Stochastics (14,3) | 68.36 | NEUTRAL | The Stochastics value for NVTS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.48 | HIGH VOLATILITY | The high ATR as a percentage value for NVTS suggests high volalility. |
| Average Directional Index/ADX (14) | 16.32 | NEGATIVE | The low ADX value for NVTS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.93 | 8.28 | 2.65 (24.25%) | 4.12% |
| An entry @10.93. This is a Buy Stop order right above the resistance zone. | An exit @8.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.65 points, which is 24.25%. | For a 1.00% total portfolio risk, you can invest 4.12% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NVTS Technicals: Chart, Performance Metrics, Trend & Indicators
9.98
-0.86 (-7.93%)
NAVITAS SEMICONDUCTOR CORP / NVTS FAQ
Can you provide the ChartMill technical rating for NAVITAS SEMICONDUCTOR CORP?
ChartMill assigns a technical rating of 7 / 10 to NVTS.
Can you provide the trend direction for NAVITAS SEMICONDUCTOR CORP?
The current trend direction for NAVITAS SEMICONDUCTOR CORP (NVTS) is Bearish.
What is the RSI signal for NAVITAS SEMICONDUCTOR CORP (NVTS) stock?
NAVITAS SEMICONDUCTOR CORP (NVTS) has an RSI value of 56.1929. This indicates that the stock is currently neutral.
What is the support and resistance level for NVTS stock?
NAVITAS SEMICONDUCTOR CORP (NVTS) has a support level at 8.35 and a resistance level at 10.92. Check the full technical report for our detailed analysis of NVTS support and resistance levels.