Technical analysis from Navitas (NVT.AX.AX, ASX:NVT.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Navitas
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Navitas was difficult to move downward due to high volume in recent trading [Bearish]
Ease of Movement /
Navitas was difficult to move downward due to high volume in recent trading [Bearish]

NVT: EOM Current Signal -> (1) 23 Apr: BEARISH HARD (2) 20 Apr: BEARISH HARD (3) 19 Apr: NEUTRAL

Limit order for a long position has been identified for Navitas [Bullish]
Demarks Pivot Points /
Limit order for a long position has been identified for Navitas [Bullish]

Navitas has broken the first DeMark resistance point ($4.2650) [Bullish]. Look for a long limit order entry near this point. Exit price for NVT should be set @$4.3000 & Stoploss for Navitas should be set at $4.1700

Range Tod Vs Range Yest /
Navitas: Range Performance (30.0)

[BEARISH]: Navitassellers are increasingly eager. There has been 2 consecutive days of range increase for NVT adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.7300 & the greatest daily price range this year has been $1.3700. The price range ratio this week versus the quarterly price range is 0.2000000000000000000x & the price range ratio this month versus the year to date price range is 0.5000000000000000000x.

Exponential Moving Average /
[Bearish]: EMA(5) is serving as a resistance line for Navitas

NVT: EMA(5) Current Signal -> (1) 23 Apr: BULLISH (2) 20 Apr: BULLISH (3) 19 Apr: BULLISH CROSSOVER

Low Price /
[Bearish]: Navitas has failed beat previous low by -2.3 %

[BULLISH]: Navitas current downtrend in the first timeframe. Currently, the Low is $4.2300 (-2.3 %).

Long Trend /
Third timeframe trend of Navitas remains as an Uptrend

[BULLISH]: Navitas is in an uptrend in the medium term timeframe. The current rally number is 150 & the highest rally count for the LTM is 150. The highest rally for the month is 16

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Triangular Moving Average /
The TMA trend following signal is still current for Navitas [Bearish]

[BEARISH]: Navitas currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -2.5%.

14-day rate of change is decreasing for Navitas
Rate of Change /
14-day rate of change is decreasing for Navitas

[BEARISH]: Navitas currently has negative rate of change of -13.5000%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Navitas: Bull power (-0.1130) & Bear power (-0.2430)
Elder Ray Index /
Navitas: Bull power (-0.1130) & Bear power (-0.2430)

[BEARISH]: NavitasElder Ray Index is signalling a Bearish movementERI is -0.2430 indicating bear power. Prices are being driven below the consensus of value for NVT during the last trading session [Selling Pressure]

Opening Price /
Recent trading for Navitas has opened -1.1 % higher than previous session

NVT: OPEN Recent Trading -> (1) 23 Apr: 4.3500 (2) 20 Apr: 4.4000 (3) 19 Apr: 4.4300

Sine Weighted Moving Average /
[Bearish]: Trend following indicator for NVT highlights downward price direction is likely

[BEARISH]: Navitas currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -2.5%.

Aroon Oscillator /
Navitas: Aroon oscillator (-92.0000) has confirmed a strong downtrend is present

[BEARISH]: Navitas has a current ARO(25) of -92.0000. This has change -4.0000 points from yesterday.

Navitas: ATR (0.1200)
Average True Range /
Navitas: ATR (0.1200)

[Bullish]: Average True Range has confirmed an uptrend is present. Navitas has a TR of 0.1300, and an ATR(14) of 0.1200.

Volume MACD oscillator is now positive for NVT
MACD Volume /
Volume MACD oscillator is now positive for NVT

[BULLISH CROSSOVER]: Navitas currently has positive Volume MACD of 40346.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

MACD /
MACD oscillator remains negative for NVT

[BEARISH]: Navitas currently has negative MACD of -0.0270. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -15.2%.

Daily Volume Index /
Navitas: Confirmation of stock distribution

[BEARISH]: Navitas current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -839.0000.

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Navitas indicating downward price movement is likely

[BEARISH]: Navitas currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -2.5%.

PPO has negative momentum signalling a continuation of downward price fall for NVT
Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for NVT

[BEARISH]: Navitas currently has negative PPO -3.6000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Relative Strength Oversold signal is still current for Navitas [Bullish]
Relative Strength Index /
Relative Strength Oversold signal is still current for Navitas [Bullish]

[BULLISH]: Navitas is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @24.7802

Navitas: Daily volume performance is 40.8 [Uptrend]
Volume /
Navitas: Daily volume performance is 40.8 [Uptrend]

[BULLISH]: Navitas current volume uptrend in the first timeframe. Volume for NVT is1268255 (40.8).

Elders Force Index /
Elders Force Index (-60209.0000) has signalled bearish conditions in recent trading for NVT

[BEARISH]: Navitas current price has highlighted recent selling pressure. Currently, the Elders Force Index is -60209.0000.

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for NVT

[BULLISH]: Navitas currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -2.5%.

Medium Trend /
Daily trading has maintained an Downtrend medium trend for Navitas

[BEARISH]: Navitas has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Apr 16 2018.

Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for Navitas

[BEARISH STRONG]: Navitas opened in the upper part of daily range at 92.300000000000000% & closed in the lower part of the trading range at 7.700000000000000%. This suggests the sellers were in control all day. Over the last 12 months there has been 41 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 15.6%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 25%.

Momentum(5) is decreasing for Navitas
Momentum /
Momentum(5) is decreasing for Navitas

[BEARISH]: Navitas currently has negative momentum of -0.2100 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.5000%.The largest downward momentum rally for the last 3 months is 15 days producing a return of -14.2%%.

[Short]: Entry price for NVT should be set @$0.0000
Fibonacci Extensions /
[Short]: Entry price for NVT should be set @$0.0000

Navitas: The current Fibonacci Extension levels are: (23.61%) $4.4300: (38.2%) $4.5500: (50%) $4.6500: (61.8%) $4.7400The current support levels are: (78.6%) $4.8800: (100%) $5.0600: (138.2%) $5.3800: (161.8%) $5.5700: (261.8%) $6.4000: (423.61%) $7.7500

Closing Price /
Recent trading for Navitas fell short of the previous close by -2.5 %

[BEARISH]: Navitas current downtrend in the first timeframe. Currently, the Close is $4.2400.

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