(NOVT) Trading Signals

Longer Term Trading Plans for NOVT

• Buy NOVT near 109.94 target 128.27 stop loss @ 109.62 Details

The technical summary data tells us to buy NOVT near 109.94 with an upside target of 128.27. This data also tells us to set a stop loss @ 109.62 to protect against excessive loss in case the stock begins to move against the trade. 109.94 is the first level of support below 120.13 , and by rule, any test of support is a buy signal. In this case, support 109.94 would be being tested, so a buy signal would exist.

• Short NOVT slightly under 128.27, target 109.94, stop loss @ 128.64 Details

The technical summary data is suggesting a short of NOVT as it gets near 128.27 with a downside target of 109.94. We should have a stop loss in place at 128.64though. 128.27 is the first level of resistance above 120.13, and by rule, any test of resistance is a short signal. In this case, if resistance 128.27 is being tested, so a short signal would exist.

Swing Trading Plans for NOVT

• Buy NOVT slightly over 124.27, target 128.27, Stop Loss @ 123.91 Details

If 124.27 begins to break higher, the technical summary data tells us to buy NOVT just slightly over 124.27, with an upside target of 128.27. The data also tells us to set a stop loss @ 123.91 in case the stock turns against the trade. 124.27 is the first level of resistance above 120.13, and by rule, any break above resistance is a buy signal. In this case, 124.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NOVT slightly near 124.27, target 109.94, Stop Loss @ 124.63. Details

The technical summary data is suggesting a short of NOVT if it tests 124.27 with a downside target of 109.94. We should have a stop loss in place at 124.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 124.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NOVT

• Buy NOVT slightly over 121.35, target 123.82, Stop Loss @ 121.07 Details

If 121.35 begins to break higher, the technical summary data tells us to buy NOVT just slightly over 121.35, with an upside target of 123.82. The data also tells us to set a stop loss @ 121.07 in case the stock turns against the trade. 121.35 is the first level of resistance above 120.13, and by rule, any break above resistance is a buy signal. In this case, 121.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NOVT slightly near 121.35, target 109.94, Stop Loss @ 121.63. Details

The technical summary data is suggesting a short of NOVT if it tests 121.35 with a downside target of 109.94. We should have a stop loss in place at 121.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 121.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Novanta Inc. (NOVT) available here: NOVT.

NOVT Ratings for May 24:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	109.94
P2	121.35	124.27	128.27
P3	123.82	133.53	145.43

AI Generated Signals for NOVT

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