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Stock Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
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.
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MarketClub’s Trade Triangles for NOVT
The long-term trend has been DOWN since Aug 2nd, 2024 at 154.20
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 163.61
The short-term trend has been UP since Dec 26th, 2024 at 155.88
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 154.320 | 156.440 | 154.320 | 156.145 | +0.585 |
| Prev. Close | Volume | Bid | Ask | Time |
| 155.560 | 26687 | 2024-12-26 15:02:05 |
| Year High | 78.85 | Year High Date | 2018-08-29 |
| Year Low | 48.4 | Year Low Date | 2018-02-09 |
| 52wk High | 187.12 | 52wk High Date | 2024-07-17 |
| 52wk Low | 146.86 | 52wk Low Date | 2024-04-19 |
| Average Volume | 193,507 | Shares Outstanding | 35,904 |
| Market Cap | 2,857M | Assets | 141,882,300M |
| Liabilities | 676,628,000M | P/E Ratio | 82.0346 |
| Volatility | 68.69 |