NAVITAS SEMICONDUCTOR CORP (NVTS) Stock Technical Analysis
NASDAQ:NVTS - Nasdaq - US63942X1063 - Common Stock - Currency: USD
Overall NVTS gets a technical rating of 7 out of 10. NVTS has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
NVTS is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 95% of 110 stocks in the same industry.
NVTS is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NVTS is leading the market.
In the last month NVTS has a been trading in the 1.80 - 5.25 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NVTS has an average volume of 10300300 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.
When comparing the yearly performance of all stocks, we notice that NVTS is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NVTS has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.76
5.10
We found 1 important support area.
- Support @1.78 from a horizontal line in the weekly 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 | 95.57 | POSITIVE | NVTS has a high relative strength, it outperformed 95.57% 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) | 87.76 | OVERBOUGHT | The high RSI value suggests NVTS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests NVTS has a positive trend. |
| Stochastics (14,3) | 58.24 | NEUTRAL | The Stochastics value for NVTS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for NVTS suggests high volalility. |
| Average Directional Index/ADX (14) | 17.17 | NEGATIVE | The low ADX value for NVTS 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)
5.05
+3.14 (+164.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg164.4%
1 Week143.96%
2 Weeks165.79%
1 Month148.77%
3 Month59.31%
6 Month108.68%
12 Month36.49%
2 Year-40.94%
3 Year-36.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%5.73%
ATR Inc1246.56%
Range Today1.22
ADR(20)0.17
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.57
Mansfield6.49
10 Day High5.25
10 Day Low1.83
20 Day High5.25
20 Day Low1.8
52 Week High5.25
52 Week Low1.52
CS1 End1.78
CR1 StartN/A
Volume & EV
DER(3)-0.77%
DER(5)-0.94%
Volume276.49M
Volume Incr2302.58%
Vol(5)68.89M
Vol(50)10.30M