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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Novanta Inc. - Common Shares (NASDAQ:NOVT)
Sidelines Mode (+55) - NOVT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NOVT?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOVT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOVT
The long-term trend has been DOWN since Apr 18th, 2024 at 150.72
The intermediate-term trend has been UP since May 7th, 2024 at 164.90
The short-term trend has been DOWN since May 8th, 2024 at 157.28
Smart Scan Analysis for NOVT
Based on our trend formula, NOVT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 158.17 | 162.89 | 157.84 | 162.37 | +3.80 |
| Prev. Close | Volume | Bid | Ask | Time |
| 158.57 | 72084 | 2024-05-09 15:26:54 |
| Year High | 78.85 | Year High Date | 2018-08-29 |
| Year Low | 48.4 | Year Low Date | 2018-02-09 |
| 52wk High | 187.605 | 52wk High Date | 2023-06-30 |
| 52wk Low | 111.2 | 52wk Low Date | 2023-11-07 |
| Average Volume | 147,555 | Shares Outstanding | 35,894 |
| Market Cap | 2,857M | Assets | 141,059,200M |
| Liabilities | 728,877,000M | P/E Ratio | 78.5 |
| Volatility | 68.69 |