REPORTING FOR 2019-10-22 | 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. ($NOVT) opened at 87.12, reaching a high of 89.0 and a low of 86.2 before closing at a price of 87.48. There was a total volume of 85618.
VOLUME INDICATORS FOR NOVANTA INC. ($NOVT): We saw an accumulation-distribution index of 265.27293, an on-balance volume of -86.13, chaikin money flow of 1.97872 and a force index of 10.8968. There was an ease of movement rating of 0.06724, a volume-price trend of 5.3728 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR NOVANTA INC. ($NOVT): We noted an average true range of 1.48876, bolinger bands of 87.93701, an upper bollinger band of 82.56299, lower bollinger band of 86.2, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 87.44, high band keltner channel of 85.56, low band keltner channel of 89.32, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 86.2, a donchian channel low band of 86.2, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR NOVANTA INC. ($NOVT): We calculated a Moving Average Convergence Divergence (MACD) of -0.04263, a MACD signal of -0.02368, a MACD difference of -0.01895, a fast Exponential Moving Average (EMA) indicator of 86.2, a slow Exponential Moving Average (EMA) indicator of 86.2, 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 1.01978, a trix of 6.59395, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -4.99266, a KST Oscillator (KST) of 61.48038 and a KST Oscillator (KST Signal) of 61.48038 (leaving a KST difference of -5.84922). We also found an Ichimoku rating of 88.06, an Ichimoku B rating of 88.06, a Ichimoku visual trend A of 83.2899, an Ichimoku visual trend B of 82.1924, 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. ($NOVT): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 84.44016, a stochastic oscillator of 148.93617, a stochastic oscillator signal of 148.93617, a Williams %R rating of 48.93617 and an awesome oscillator of -0.88267.
RETURNS FOR NOVANTA INC. ($NOVT): There was a daily return of 6.14804, a daily log return of -2.22883 and a cumulative return of -2.20418.
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 2019-10-22 (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.