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Stock Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

Novanta Inc. - Common Shares (NASDAQ:NOVT)

Bear Market Rally (-75) - NOVT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOVT as it may be in the beginning of a reversal.

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.

Open High Low NOVT Price Change
136.970 144.505 136.970 144.070 +7.040
Entry Signal

MarketClub’s Trade Triangles for NOVT

long term down The long-term trend has been DOWN since Aug 8th, 2023 at 152.74

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 173.34

short term up The short-term trend has been UP since Sep 28th, 2023 at 141.51

Smart Scan Analysis for NOVT

Based on our trend formula, NOVT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for NOVT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
136.970 144.505 136.970 144.070 +7.040
Prev. Close Volume Bid Ask Time
137.030 199237 2023-09-28 15:59:42
Year High78.85Year High Date2018-08-29
Year Low48.4Year Low Date2018-02-09
52wk High187.60552wk High Date2023-06-30
52wk Low111.0252wk Low Date2022-10-13
Average Volume185,650Shares Outstanding35,808
Market Cap2,857MAssets123,272,200M
Liabilities606,692,000MP/E Ratio64.0327
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