REPORTING FOR 2019-11-08 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how NOVT has been trading over the last 2 weeks and the past day especially. On its latest session, Novanta Inc. ($NOVT) opened at 85.03, reaching a high of 85.035 and a low of 81.27 before closing at a price of 82.2. There was a total volume of 169272.
VOLUME INDICATORS FOR NOVANTA INC. ($NOVT): We saw an accumulation-distribution index of 124367.115, an on-balance volume of -84.66, chaikin money flow of 1505.0 and a force index of 29.0037. There was an ease of movement rating of 0.01513, a volume-price trend of -0.46012 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR NOVANTA INC. ($NOVT): We noted an average true range of 1.66291, bolinger bands of 84.47889, an upper bollinger band of 74.55111, lower bollinger band of 81.27, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 83.77833, high band keltner channel of 83.77333, low band keltner channel of 83.78333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 81.27, a donchian channel low band of 81.27, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR NOVANTA INC. ($NOVT): We calculated a Moving Average Convergence Divergence (MACD) of -0.07875, a MACD signal of -0.04375, a MACD difference of -0.035, a fast Exponential Moving Average (EMA) indicator of 81.27, a slow Exponential Moving Average (EMA) indicator of 81.27, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.00215, a trix of 0.46879, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 0.53861, a KST Oscillator (KST) of -6.58382 and a KST Oscillator (KST Signal) of -6.58382 (leaving a KST difference of -10.72625). We also found an Ichimoku rating of 85.0325, an Ichimoku B rating of 85.0325, a Ichimoku visual trend A of 83.51771, an Ichimoku visual trend B of 83.7264, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR NOVANTA INC. ($NOVT): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 35.8984, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -16.71991, a stochastic oscillator of 75300.0, a stochastic oscillator signal of 75300.0, a Williams %R rating of 75200.0 and an awesome oscillator of 0.76375.
RETURNS FOR NOVANTA INC. ($NOVT): There was a daily return of -0.65838, a daily log return of -4.41498 and a cumulative return of -4.31894.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-08 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Novanta Inc. ($NOVT)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Novanta Inc. ($NOVT) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.