Trading indicator
MACDBacktest results
| Position | Trades | Duration | Win rate | Win/loss | Avg win | Avg loss | Return |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
Trading Performance
MACD
Score
0.3
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 19 | 17.8 | 0.84% | 5.33% | 6.0% | -10.9% | 63.7% |
| SHORT | 19 | 22.1 | 0.42% | 0.67% | 5.3% | -6.3% | -33.7% |
Summary
Technical Analysis
Novanta Inc (NOVT)
Indicator:
MACD
Last Signal:
BEARISH
Trading: SELL @ $84.07
Signal Strength: STRONG
Recommendation:
Novanta Inc (NASDAQ:NOVT) currently has negative MACD of -0.382. This means the signal line is less than the MACD line signalling a bearish movement.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
Moving Average Convergence/Divergence (MACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).
Calculation:: Moving Average Convergence Divergence (MACD);
1) MACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of MACD Line;
3) MACD Histogram: MACD Line - Signal Line;
PROFILE: Novanta Inc (NOVT)
Stock Exchange: NASDAQ
Company: Novanta Inc
Ticker Codes: | NOVT | NASDAQ:NOVT |
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company's Photonics segment offers photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products for photonics-based applications, such as industrial material processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. Its Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; surgical displays and operating room integration technologies; optical data collection and machine vision technologies; radio frequency identification technologies; thermal printers; spectrometry technologies; and embedded touch screen solutions. The company's Precision Motion segment offers optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components. The company sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Lincoln Laser, ExoTec Precision, Synrad, Laser Quantum, WOM, Lemke, NDS, NDSsi, Reach Technology, JADAK, Skyetek, ThingMagic, Photo Research, General Scanning, Celera Motion, MicroE, Applimotion, and Westwind brands. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts.
Top 10:
MACD
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| OSTK OverstockCom Inc | 11.57 | 15.5 | 12,377,998 | 0.21 | BULLISH |
| EPZM Epizyme Inc | 14.97 | 10.8 | 2,707,324 | 0.22 | BULLISH |
| BLCM Bellicum Pharma | 2.22 | 8.8 | 532,809 | 0.09 | BULLISH |
| SSYS Stratasys | 24.93 | 5.1 | 1,597,958 | 0.74 | BULLISH |
| FRAN Francesca'S Holdings | 0.42 | 4.3 | 1,320,085 | 0.25 | BULLISH |
| AMAG Amag Pharmaceuticals | 8.97 | 4.1 | 2,022,834 | 0.45 | BULLISH |
| TOUR Tuniu | 3.11 | 4 | 23,670 | 0.03 | BULLISH |
| SILC Silicom | 31.67 | 3.9 | 29,164 | 0.06 | BULLISH |
| FARO Faro Tech Inc | 51.43 | 3.5 | 704,798 | 0.26 | BULLISH |
| SCWX Secureworks Corp | 14.24 | 3.5 | 929,147 | 0.04 | BULLISH |