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Stock Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

NOVONIX Limited (NASDAQ:NVX)

Sidelines Mode (-55) - NVX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

NASDAQ_NVX
Open High Low NVX Price Change
1.950 2.070 1.800 1.955 +0.255
Entry Signal

MarketClub’s Trade Triangles for NVX

long term down The long-term trend has been DOWN since Jun 11th, 2024 at 1.82

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 2.19

short term up The short-term trend has been UP since Jun 21st, 2024 at 1.80

Smart Scan Analysis for NVX

Based on our trend formula, NVX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NVX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.950 2.070 1.800 1.955 +0.255
Prev. Close Volume Bid Ask Time
1.990 614748 2024-06-21 15:59:43
52wk High3.152wk High Date2024-04-11
52wk Low1.452wk Low Date2024-02-02
Average Volume33,803Shares Outstanding400
Assets263,343,043MLiabilities79,406,768M
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