NAVITAS SEMICONDUCTOR CORP (NVTS) Stock Technical Analysis
NASDAQ:NVTS - US63942X1063 - Common Stock
6.21 USD
-0.04 (-0.64%)
6.2 USD
-0.01 (-0.16%)
Taking everything into account, NVTS scores 6 out of 10 in our technical rating. In the last year, NVTS was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month NVTS has a been trading in the 6.02 - 9.48 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
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. On top of that, NVTS also shows a nice and consistent pattern of rising prices.
NVTS is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 96% of 110 stocks in the same industry.
NVTS has an average volume of 29875200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
NVTS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NVTS is lagging the market.
Considerably lower volume is observed in the last couple of days.
NVTS has an average technical rating and it also 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.
More info and screens
5.77
6.81
We found 1 important support area.
- Support @5.83 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.67 to 6.74. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for NVTS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVTS is down. |
| ChartMill Relative Strength | 95.52 | POSITIVE | NVTS has a high relative strength, it outperformed 95.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVTS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVTS is below 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) | 41.31 | NEUTRAL | The RSI value for NVTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests NVTS has a negative trend. |
| Stochastics (14,3) | 9.3 | OVERSOLD | The low Stochastics value suggests NVTS may be oversold. |
| Average True Range in percent/ATR (20) | 10.3 | HIGH VOLATILITY | The high ATR as a percentage value for NVTS suggests high volalility. |
| Average Directional Index/ADX (14) | 20.02 | NEUTRAL | The ADX value for NVTS suggests a possible start of a new 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)
6.21
-0.04 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.64%
1 Week-14.34%
2 Weeks-8.54%
1 Month-30.85%
3 Month40.82%
6 Month95.9%
12 Month100.97%
2 Year-29.67%
3 Year5.08%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%10.3%
ATR Inc-54.94%
Range Today0.16
ADR(20)0.58
ADR(20)%9.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.52
Mansfield5.77
10 Day High7.56
10 Day Low6.02
20 Day High9.48
20 Day Low6.02
52 Week High9.48
52 Week Low1.52
CS1 End5.83
CR1 Start6.67
Volume & EV
DER(3)-5.41%
DER(5)-4.31%
Volume7.50M
Volume Incr-66%
Vol(5)11.00M
Vol(50)29.88M