Technical Analysis for NOVT - Novanta Inc.

Grade Last Price % Change Price Change
C 157.79 -3.26% -5.32
NOVT closed down 3.26 percent on Monday, July 1, 2024, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
Multiple of Ten Bearish Other 0.00%
BB Squeeze Ended Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
20 DMA Support Bullish -3.26%
Cup with Handle Other -3.26%
Bollinger Band Squeeze Range Contraction -3.26%

   Recent Intraday Alerts

Alert Time
Down 3% about 9 hours ago
Lower Bollinger Band Support about 10 hours ago
60 Minute Opening Range Breakdown about 10 hours ago
Fell Below Lower Bollinger Band about 10 hours ago
Down 1 ATR about 10 hours ago

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Profile

Novanta Inc. Description

Novanta Inc., together with its subsidiaries, designs, develops, manufactures, and sells precision photonic and motion control components, and subsystems to original equipment manufacturers in the medical equipment and advanced industrial technology markets. The company operates through three segments: Laser Products, Vision Technologies, and Precision Motion. The Laser Products segment designs, manufactures, and markets photonics-based solutions, including CO2 laser sources, laser scanning, and laser beam delivery products for photonics-based applications, such as industrial material processing, metrology, medical and life science imaging, and medical laser procedures. This segment sells its products under Cambridge Technology, Lincoln Laser, ExoTec Precision, and Synrad brand names. The Vision Technologies segment designs, manufactures, and markets a range of medical grade technologies, including visualization solutions, imaging informatics products, optical data collection and machine vision technologies, RFID technologies, thermal printers, and light and color measurement instrumentation. This segment sells its products under NDS, NDSsi, Dome, JADAK, Skyetek, General Scanning, and Photo Research brand names. The Precision Motion segment designs, manufactures, and markets optical encoders, precision motors and other motion control technology, air bearing spindles, and precision machined components. This segment sells its products under Celera Motion, MicroE, Applimotion, and Westwind brand names. The company sells its products through its direct sales force, as well as through distributors, including manufacturers' representatives worldwide. Novanta Inc. was founded in 1968 and is based in Bedford, Massachusetts.


Classification

Sector: Technology
Industry: Scientific & Technical Instruments
Keywords: Laser Imaging Medical Equipment Optics Photonics Data Collection Canning Visualization Informatics Metrology Motion Control Co2 Industrial Technology Machine Vision Control Technology Electromagnetic Radiation Technology Markets Material Processing Laser Products Imaging Informatics Informatics Products Rfid Technologies Visualization Solution

Is NOVT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 185.805
52 Week Low 111.2
Average Volume 134,029
200-Day Moving Average 156.61
50-Day Moving Average 161.52
20-Day Moving Average 162.76
10-Day Moving Average 163.44
Average True Range 4.14
RSI (14) 41.52
ADX 11.08
+DI 24.27
-DI 24.79
Chandelier Exit (Long, 3 ATRs) 156.40
Chandelier Exit (Short, 3 ATRs) 169.91
Upper Bollinger Bands 167.63
Lower Bollinger Band 157.89
Percent B (%b) -0.01
BandWidth 5.99
MACD Line -0.20
MACD Signal Line 0.27
MACD Histogram -0.4657
Fundamentals Value
Market Cap 5.65 Billion
Num Shares 35.8 Million
EPS 2.10
Price-to-Earnings (P/E) Ratio 75.14
Price-to-Sales 6.71
Price-to-Book 9.31
PEG Ratio 2.11
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 166.21
Resistance 3 (R3) 167.04 165.08 164.80
Resistance 2 (R2) 165.08 162.93 164.66 164.33
Resistance 1 (R1) 161.43 161.61 160.45 160.60 163.87
Pivot Point 159.47 159.47 158.98 159.05 159.47
Support 1 (S1) 155.82 157.32 154.84 154.99 151.71
Support 2 (S2) 153.86 156.00 153.44 151.25
Support 3 (S3) 150.21 153.86 150.78
Support 4 (S4) 149.38