Stock Trend Analysis Report
Prepared for you on Monday, January 30, 2023.
NOVONIX Limited (NASDAQ:NVX)
Bull Market Weakness (+75) - NVX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NVX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NVX?
MarketClub looks at technical strength and momentum to determine if the timing is right for NVX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NVX
The long-term trend has been DOWN since May 9th, 2022 at 12.6550
The intermediate-term trend has been UP since Jan 11th, 2023 at 5.1699
The short-term trend has been UP since Jan 26th, 2023 at 5.3000
Smart Scan Analysis for NVX
Based on our trend formula, NVX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||24||52wk High Date||2022-02-02|
|52wk Low||3.82||52wk Low Date||2023-01-03|
|Average Volume||39,649||Shares Outstanding||400|