NOVANTA INC (NOVT) Stock Technical Analysis
NASDAQ:NOVT - Nasdaq - CA67000B1040 - Common Stock
Taking everything into account, NOVT scores 0 out of 10 in our technical rating. NOVT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
80% of all other stocks performed better in the past year than NOVT.
NOVT is part of the Electronic Equipment, Instruments & Components industry. There are 126 other stocks in this industry, of which 66% are performing better than NOVT.
NOVT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
NOVT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, NOVT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 157.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 149.35, a Stop Loss order could be placed below this zone.
More info and screens
144.71
185.94
We found 1 important support area.
- A support zone ranging from 146.17 to 149.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 157.79 to 162.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 170.49 to 173.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @178.92 from a horizontal line in the daily time frame.
- Resistance @184.10 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.87
Mansfield-1.81
10 Day High155.39
10 Day Low143.18
20 Day High167.85
20 Day Low143.18
52 Week High187.12
52 Week Low143.18
Performance
1 Week1.46%
2 Weeks-0.86%
1 Month-9.67%
3 Month-16.19%
6 Month-13.25%
12 Month-4.97%
2 Year-7.33%
3 Year8.35%
5 Year64.92%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.23
RSI(14)39.54
LBB145.72
UBB154.89
NOVANTA INC
NASDAQ:NOVT (1/17/2025, 8:17:52 PM)
After market: 149.63 0 (0%)149.63
+1.97 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg1.33%
1 Week1.46%
2 Weeks-0.86%
1 Month-9.67%
3 Month-16.19%
6 Month-13.25%
12 Month-4.97%
2 Year-7.33%
3 Year8.35%
5 Year64.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.38
ATR(20)%3.13%
ATR Inc-40.97%
Range Today2.35
ADR(20)4.48
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.87
Mansfield-1.81
10 Day High155.39
10 Day Low143.18
20 Day High167.85
20 Day Low143.18
52 Week High187.12
52 Week Low143.18
CS1 End149.35
CR1 Start157.79
Volume & EV
DER(3)-0.63%
DER(5)-1.2%
Volume202.80K
Volume Incr-0.74%
Vol(5)192.86K
Vol(50)207.17K