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Stock Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

NOVONIX LTD (NASDAQ:NVNXF)

Crossroads (-60) - NVNXF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NVNXF?

MarketClub looks at technical strength and momentum to determine if the timing is right for NVNXF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_NVNXF
Open High Low NVNXF Price Change
0.4983 0.5400 0.4983 0.5200 -0.0180
Entry Signal

MarketClub’s Trade Triangles for NVNXF

long term up The long-term trend has been UP since Feb 16th, 2024 at 0.5300

intermediate term down The intermediate-term trend has been DOWN since May 24th, 2024 at 0.5028

short term down The short-term trend has been DOWN since May 20th, 2024 at 0.5351

Smart Scan Analysis for NVNXF

Based on our trend formula, NVNXF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for NVNXF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.4983 0.5400 0.4983 0.5200 -0.0180
Prev. Close Volume Bid Ask Time
0.5400 10165 2024-05-24 12:03:00
52wk High0.846852wk High Date2023-06-14
52wk Low0.317452wk Low Date2024-02-02
Average Volume59,485Assets263,343,043M
Liabilities79,406,768M
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