NAVITAS SEMICONDUCTOR CORP (NVTS) Stock Technical Analysis
NASDAQ:NVTS - Nasdaq - US63942X1063 - Common Stock - Currency: USD
Taking everything into account, NVTS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, NVTS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
NVTS is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 98% of 110 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 1.88 - 9.17 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 37354600 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 98% of all other 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 present a decent entry opportunity 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
7.73
7.89
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 | 98.46 | POSITIVE | NVTS has a high relative strength, it outperformed 98.46% 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) | 72.11 | OVERBOUGHT | The high RSI value suggests NVTS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests NVTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.28 | OVERBOUGHT | The high Stochastics value suggests NVTS may be overbought. |
| Average True Range in percent/ATR (20) | 13.29 | HIGH VOLATILITY | The high ATR as a percentage value for NVTS suggests high volalility. |
| Average Directional Index/ADX (14) | 50.73 | POSITIVE | The high ADX value value for NVTS suggests a strong 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)
7.81
-0.15 (-1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.88%
1 Week29.09%
2 Weeks44.9%
1 Month273.68%
3 Month212.4%
6 Month127.04%
12 Month77.9%
2 Year-25.9%
3 Year102.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.21
ATR(20)%13.29%
ATR Inc-17.98%
Range Today0.62
ADR(20)0.9
ADR(20)%11.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.46
Mansfield14.01
10 Day High9.17
10 Day Low4.95
20 Day High9.17
20 Day Low1.88
52 Week High9.17
52 Week Low1.52
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-2.3%
DER(5)0.26%
Volume47.97M
Volume Incr37.7%
Vol(5)91.32M
Vol(50)37.35M