REPORTING FOR 2019-11-18 | 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. ($NOVT) opened at 82.72, reaching a high of 83.34 and a low of 82.2 before closing at a price of 83.19. There was a total volume of 83016.
VOLUME INDICATORS FOR NOVANTA INC. ($NOVT): We saw an accumulation-distribution index of 326.19387, an on-balance volume of -82.1, chaikin money flow of 2.67742 and a force index of 13.872. There was an ease of movement rating of 0.05903, a volume-price trend of 1.26848 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR NOVANTA INC. ($NOVT): We noted an average true range of 1.70735, bolinger bands of 84.65923, an upper bollinger band of 77.05077, lower bollinger band of 82.2, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 82.75333, high band keltner channel of 82.13333, low band keltner channel of 83.37333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 82.2, a donchian channel low band of 82.2, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR NOVANTA INC. ($NOVT): We calculated a Moving Average Convergence Divergence (MACD) of -0.06035, a MACD signal of -0.03353, a MACD difference of -0.02682, a fast Exponential Moving Average (EMA) indicator of 82.2, a slow Exponential Moving Average (EMA) indicator of 82.2, 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 0.33228, a trix of 2.54247, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -1.10829, a KST Oscillator (KST) of 13.66708 and a KST Oscillator (KST Signal) of 13.66708 (leaving a KST difference of -8.29308). We also found an Ichimoku rating of 83.03, an Ichimoku B rating of 83.03, a Ichimoku visual trend A of 82.48569, an Ichimoku visual trend B of 83.1495, 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. ($NOVT): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 68.0646, a stochastic oscillator of 183.87097, a stochastic oscillator signal of 183.87097, a Williams %R rating of 83.87097 and an awesome oscillator of -0.45517.
RETURNS FOR NOVANTA INC. ($NOVT): There was a daily return of 1.36671, a daily log return of -3.32725 and a cumulative return of -3.27251.
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 2019-11-18 (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.