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(NOVT) Novanta Inc complete technical analysis [charts+indicators] | Buy/Sell Novanta Inc | (NOVT) share price targets

Complete technical analysis of Novanta Inc (NOVT) by charts plus indicators, forecast predictions and share price targets for Novanta Inc (NOVT)

Novanta Inc trades in USA in Miscellaneous sector.

Showing technical analysis as on 2024-03-11 View latest technical analysis

10 day averaged volume of Novanta Inc is 173620

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	175.74	176.70	176.70	173.97	0.46 times
08 Fri Mar 2024	176.54	180.02	181.89	176.15	0.551 times
07 Thu Mar 2024	178.38	175.54	180.40	175.54	0.815 times
06 Wed Mar 2024	173.93	172.45	175.00	171.29	0.714 times
05 Tue Mar 2024	169.70	174.59	174.95	168.76	0.711 times
04 Mon Mar 2024	176.39	176.78	177.76	174.32	0.714 times
01 Fri Mar 2024	175.28	173.27	176.09	172.64	0.809 times
29 Thu Feb 2024	172.94	169.99	174.46	169.18	2.49 times
28 Wed Feb 2024	167.45	158.40	168.30	157.06	1.538 times
27 Tue Feb 2024	157.31	158.55	159.41	155.69	1.214 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 173.9, but if it comes below 173.9, then a intra day sell could be more profitable.
If you take a sell trade below 173.9, then use 173.9 as stoploss and 166.09 as target. However if you take a buy trade in stock , then use 173.9 as stoploss and 183.4 as target.

Share price targets for Novanta Inc (NOVT)

Target Type	Value
Downside Target	111.20
Downside Target	142.35
Downside Target	149.01
Downside Target	161.76
Downside Target	166.70
Downside Target	172.87
Downside Target	173.97
Downside Target	174.46
Upside Target	176.09
Upside Target	176.70
Upside Target	181.89

Intraday share price targets for Novanta Inc (NOVT)

Target Type	Value
Downside Intraday Target	174.24
Downside Intraday Target	172.74
Upside Intraday Target	176.97
Upside Intraday Target	178.2
Downside Intraday Target	175.47

Weekly technical analysis of Novanta Inc (NOVT)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	175.74	176.70	176.70	173.97	0.131 times
08 Fri Mar 2024	176.54	176.78	181.89	168.76	0.54 times
01 Fri Mar 2024	175.28	157.77	176.09	155.69	1.948 times
23 Fri Feb 2024	158.54	158.20	161.76	155.37	0.853 times
16 Fri Feb 2024	161.03	167.44	168.74	152.75	1.193 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Novanta Inc (NOVT)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	175.74	173.27	181.89	168.76	0.274 times
29 Thu Feb 2024	172.94	156.24	174.46	152.75	1.202 times
31 Wed Jan 2024	154.55	166.64	166.70	150.72	0.673 times
29 Fri Dec 2023	168.41	143.95	172.87	142.35	0.793 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Novanta Inc (NOVT)

Price action analysis of Novanta Inc ( (NOVT) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Novanta Inc ( (NOVT) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Novanta Inc ( (NOVT) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Novanta Inc ( (NOVT) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Novanta Inc stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Novanta Inc in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Novanta Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Novanta Inc in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Novanta Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 171.25 and Novanta Inc (NOVT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Novanta Inc (NOVT) stock. Volume based technical analysis of Novanta Inc (NOVT) stock is negative.

Novanta Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.