NOVANTA INC (NOVT) Stock Technical Analysis
USA - NASDAQ:NOVT - CA67000B1040 - Common Stock
Overall NOVT gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NOVT is a bad performer.
Although NOVT 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
99.05
3 important support areas can be observed.
- A support zone ranging from 125.21 to 127.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @102.65 from a horizontal line in the daily time frame.
- Support @100.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 135.87 to 135.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NOVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NOVT is up. |
| ChartMill Relative Strength | 29.79 | NEGATIVE | NOVT has a low relative strength, it was outperformed by 70.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NOVT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NOVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NOVT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.74 | OVERBOUGHT | The high RSI value suggests NOVT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.37 | POSITIVE | The MACD value suggests NOVT has a positive trend. |
| Stochastics (14,3) | 86.8 | OVERBOUGHT | The high Stochastics value suggests NOVT may be overbought. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for NOVT suggests some volalility. |
| Average Directional Index/ADX (14) | 32.04 | POSITIVE | The high ADX value value for NOVT suggests a strong trend. |
135.86
+8.85 (+6.97%)
NOVANTA INC / NOVT FAQ
What is the technical rating for NOVT stock?
ChartMill assigns a technical rating of 7 / 10 to NOVT.
Can you provide the trend direction for NOVANTA INC?
The current trend direction for NOVANTA INC (NOVT) is Bullish.
Can you provide the RSI signal for NOVANTA INC?
NOVANTA INC (NOVT) has an RSI value of 72.7359. This indicates that the stock is currently overbought.
Can you provide the short term momentum for NOVANTA INC?
The short term momentum for NOVANTA INC (NOVT) is positive.
What is the buy/sell signal for NOVANTA INC (NOVT) stock?
The buy/sell signal for NOVANTA INC (NOVT) is buy as both the short term and long term trends are positive.