NAVITAS SEMICONDUCTOR CORP (NVTS) Technical Analysis
NASDAQ:NVTS • US63942X1063
Current stock price
NVTS Technical Rating and Analysis
Overall NVTS gets a technical rating of 3 out of 10. Although NVTS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month NVTS has a been trading in the 7.66 - 11.63 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, NVTS did better than 98% of all other stocks.
- NVTS is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 92% of 115 stocks in the same industry.
- NVTS has an average volume of 21039600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
NVTS Weekly and Daily overview Charts
NVTS Setup Rating and Analysis
Although the technical rating is bad, NVTS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.45. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NVTS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
NVTS Support and Resistance Analysis
7.74
When analyzing the support we can see 2 important areas.
- Support @8.45 from a trend line in the weekly time frame.
- A support zone ranging from 7.82 to 7.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.45 to 9.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.80 to 9.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.11 from a horizontal line in the weekly time frame.
- Resistance @10.62 from a trend line in the daily time frame.
NVTS 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 | NEUTRAL | NEUTRAL | The long term trend for NVTS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVTS is down. |
| ChartMill Relative Strength | 98.45 | POSITIVE | NVTS has a high relative strength, it outperformed 98.45% 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) | 48.57 | NEUTRAL | The RSI value for NVTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NVTS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.28 | NEUTRAL | The Stochastics value for NVTS is a neutral value. |
| Average True Range in percent/ATR (20) | 10.23 | HIGH VOLATILITY | The high ATR as a percentage value for NVTS suggests high volalility. |
| Average Directional Index/ADX (14) | 13.34 | NEGATIVE | The low ADX value for NVTS suggests a weak or negative trend. |
NVTS Chart- and CandleStick Pattern Analysis
NVTS Technicals: Chart, Performance Metrics, Trend & Indicators
8.8
+0.26 (+3.04%)
NAVITAS SEMICONDUCTOR CORP / NVTS TA FAQ
Can you provide the ChartMill technical rating for NAVITAS SEMICONDUCTOR CORP?
ChartMill assigns a technical rating of 3 / 10 to NVTS.
What is the current trend direction of NAVITAS SEMICONDUCTOR CORP (NVTS) stock?
The current trend direction for NAVITAS SEMICONDUCTOR CORP (NVTS) is Bearish.
What is the RSI signal for NVTS stock?
NAVITAS SEMICONDUCTOR CORP (NVTS) has an RSI value of 48.5725. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NAVITAS SEMICONDUCTOR CORP?
The short term momentum for NAVITAS SEMICONDUCTOR CORP (NVTS) is negative.