Stock Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
NOVONIX LTD (NASDAQ:NVNXF)
Countertrend Down (-85) - NVNXF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for NVNXF
The long-term trend has been DOWN since Feb 3rd, 2022 at 4.8100
The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.5806
The short-term trend has been UP since Sep 15th, 2023 at 0.5000
Smart Scan Analysis for NVNXF
Based on our trend formula, NVNXF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2.12||52wk High Date||2022-10-19|
|52wk Low||0.4178||52wk Low Date||2023-09-13|