NOVT | NASDAQ Stock Exchange

Novanta Inc
+ Share

Second timeframe trend of Novanta Inc remains as an Uptrend
Medium Trend /
Second timeframe trend of Novanta Inc remains as an Uptrend

[BULLISH]: Novanta Inc has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Sep 12 2018.

The volume weighted RSI for NOVT remains oversold during last trading session
Money Flow Index /
The volume weighted RSI for NOVT remains oversold during last trading session

[BEARISH]: Novanta Inc (NASDAQ:NOVT) current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 7.78. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 82.74.

Bollinger Bands /
[BULLISH CROSSOVER]: Novanta Inc current price has driven Bollinger Band to become oversold signalling the start of bullish trading conditions.

[BULLISH CROSSOVER]: Novanta Inc has initiated an oversold signal, highlighting the potential for a short term trend reversal in the upward direction. The current level is -6.38% with a current width of 11.23.

Elder Ray Index /
Novanta Inc: Bull power (-0.112) & Bear power (-3.132)

[BEARISH]: Novanta Inc Elder Ray Index is signalling a Bearish movementERI is -3.132 indicating bear power. Prices are being driven below the consensus of value for NOVT during the last trading session [Selling Pressure]

Aroon Oscillator /
NOVT: Aroon oscillator has confirmed an uptrend @32

NOVT: Aroon Oscillator Current Signal -> (1) 21 Sep: BULLISH (2) 20 Sep: BULLISH (3) 19 Sep: BULLISH

Elders Force Index /
Elders Force Index (-145135) has signalled selling pressure has continued for NOVT

[BEARISH]: Novanta Inc current price has highlighted recent selling pressure. Currently, the Elders Force Index is -145135.

NOVT: Current trading activity signals accumulation is active
Accumulation / Distribution /
NOVT: Current trading activity signals accumulation is active

[BULLISH]: Novanta Inc (NASDAQ:NOVT) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 588858.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Novanta Inc [Bullish]

NOVT: Envelope Bands Current Signal -> (1) 21 Sep: BEARISH (2) 20 Sep: BEARISH (3) 19 Sep: BEARISH

Commodity Channel Index /
Potential CCI trend reversal has been identified with Novanta Inc

[BULLISH]: Novanta Inc (NASDAQ:NOVT) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -172. The bullish signal has been active for 4 days. During the quarter, the lowest CCI value was -172.

Traders are currently Distributing Novanta Inc
On Balance Volume /
Traders are currently Distributing Novanta Inc

[BEARISH]: Novanta Inc current price has highlighted recent distribution. Currently, the OBV is -64945.

Ulcer index has increased in stress level for Novanta Inc & high drawdown is expected
Ulcer Index /
Ulcer index has increased in stress level for Novanta Inc & high drawdown is expected

NOVT: UIX Current Signal -> (1) 21 Sep: High stress (2) 20 Sep: Low stress (3) 19 Sep: Low stress

Average Directional Movement /
Novanta Inc: ADX(22.89) has signalled a weak trend is current

[Weak Trend]: ADX for NOVT has confirmed a weak trend is present. Novanta Inc has an ATR(14) of 2.245, a DX of 20.94 & an ADX(14) of 22.89

Williams %R /
William %R Oversold signal is still current for Novanta Inc [Bullish]

NOVT: William %R Recent Trading -> (1) 21 Sep: -98 (2) 20 Sep: -92.4 (3) 19 Sep: -88

Woodie Pivot Point /
Limit order for a long position has been identified for Novanta Inc [Bullish]

Novanta Inc has broken the first Woodie support point ($69.09) [Bearish]. Look for a short limit order entry near this point. Exit price for NOVT should be set @$68.26 & short position stoploss for Novanta Inc should be set at $74.3

NOVT: Percentage Volume Oscillator [Bullish]
Percentage Volume /
NOVT: Percentage Volume Oscillator [Bullish]

[BULLISH]: Novanta Inc currently has positive PVO 19.21%. The recent volume is gaining momentum through a rise on the short term exponential moving average.

Close Tod Vs Range Tod /
Currently this quarter, closing price for NOVT has spent 5 days in the lower price range

[BEARISH]: Novanta Inc sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Novanta Inc adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 5 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.9%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 35.7%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 1 days in the upper range giving a ratio of 5x.

Fibonacci Extensions /
Novanta Inc has broken above the 161.8% extension level ($7.56) [Bearish]

Novanta Inc has moved above the 161.8% level ($7.56) [Bearish]. Look for a short limit order entry near this point. Exit price for NOVT should be set @$6.82 & short position stoploss for Novanta Inc should be set at $8.3

Black Candle /
NOVT Basic Candle: Black

[BEARISH]: Novanta Inc has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

[Bullish]: Novanta Inc current trading has maintained the Stochastic Oscillator to oversold status
Stochastic Oscillator /
[Bullish]: Novanta Inc current trading has maintained the Stochastic Oscillator to oversold status

[BULLISH]: Novanta Inc is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Novanta Inc: Sellers have taken control.
Open Tod Vs Close Tod /
Novanta Inc: Sellers have taken control.

[BEARISH]: Novanta Inc opened in the middle part of daily range at 66.2% & closed in the lower part of the trading range at 5%. This suggests the sellers have taken control. Over the last 12 months there has been 2 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 14.3%.

Chaikin Oscillator crossover & signal change for NOVT
Chaikin Money Flow /
Chaikin Oscillator crossover & signal change for NOVT

[BEARISH CROSSOVER]: Novanta Inc current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.07. During the quarter, the lowest CMF value was -0.07 occurring on the Sep 21 2018.

MACD /
Novanta Inc: MACD @-0.9418 [Bearish]

[BEARISH]: Novanta Inc currently has negative MACD of -0.9418. This means the signal line is less than the MACD line signalling a bearish movement.

Rate of Change /
Rate of change(14) is decreasing for Novanta Inc

NOVT: ROC Current Signal -> (1) 21 Sep: BEARISH (2) 20 Sep: BEARISH (3) 19 Sep: BEARISH

Close Tod Vs Close Yest /
The biggest upward movement for Novanta Inc this month has been -3.2

NOVT: Recent performance signals ->(1) 21 Sep: NEUTRAL (2) 20 Sep: NEUTRAL (3) 19 Sep: NEUTRAL

Detrended Price Oscillator /
Detrended Price for NOVT has signalled bearish price movements are likely

[BEARISH]: Novanta Inc currently has a confirmed downtrend. Price is currently below the displaced moving average for NOVT. Currently, the return on DPO20 is -2.4%.

The EMA trend following signal is still current for Novanta Inc [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Novanta Inc [Bearish]

[BEARISH]: Novanta Inc currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -2.4%.

Price continues to trade below the Weighted Moving Average(5) for NOVT
Weighted Moving Average /
Price continues to trade below the Weighted Moving Average(5) for NOVT

[BEARISH]: Novanta Inc 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 -2.4%.

Range Tod Vs Range Yest /
Novanta Inc: Range Performance (72.6)

NOVT: Range today versus range yesterday Current Signal ->(1) 21 Sep: BULLISH (2) 20 Sep: BEARISH (3) 19 Sep: BULLISH

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