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Stock Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

Novanta Inc. - Common Shares (NASDAQ:NOVT)

Bull Market Weakness (+75) - NOVT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOVT as it may be in the beginning stages 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.

NASDAQ_NOVT
Open High Low NOVT Price Change
168.410 174.090 167.440 171.985 +6.395
Entry Signal

MarketClub’s Trade Triangles for NOVT

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 150.72

intermediate term up The intermediate-term trend has been UP since Jul 12th, 2024 at 167.50

short term up The short-term trend has been UP since Jul 11th, 2024 at 162.38

Smart Scan Analysis for NOVT

Based on our trend formula, NOVT is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NOVT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
168.410 174.090 167.440 171.985 +6.395
Prev. Close Volume Bid Ask Time
165.590 275678 2024-07-12 15:59:29
Year High78.85Year High Date2018-08-29
Year Low48.4Year Low Date2018-02-09
52wk High185.80552wk High Date2023-07-17
52wk Low111.252wk Low Date2023-11-07
Average Volume153,336Shares Outstanding35,894
Market Cap2,857MAssets141,059,200M
Liabilities728,877,000MP/E Ratio81.9753
Volatility68.69
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