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When the Price of (NOVT) Talks, People Listen

Longer Term Trading Plans for NOVT
  • Buy NOVT slightly over 158.18 target 176.13 stop loss @ 157.72 Details
  • The technical summary data tells us to buy NOVT near 158.18 with an upside target of 176.13. This data also tells us to set a stop loss @ 157.72 to protect against excessive loss in case the stock begins to move against the trade. 158.18 is the first level of support below 169.01 , and by rule, any test of support is a buy signal. In this case, support 158.18 is being tested, a buy signal would exist.

  • Short NOVT slightly under 176.13, target 158.18, stop loss @ 176.64 Details
  • The technical summary data is suggesting a short of NOVT as it gets near 176.13 with a downside target of 158.18. We should have a stop loss in place at 176.64though. 176.13 is the first level of resistance above 169.01, and by rule, any test of resistance is a short signal. In this case, if resistance 176.13 is being tested, a short signal would exist.

Swing Trading Plans for NOVT
  • Buy NOVT slightly over 169.22, target 174.64, Stop Loss @ 168.73 Details
  • If 169.22 begins to break higher, the technical summary data tells us to buy NOVT just slightly over 169.22, with an upside target of 174.64. The data also tells us to set a stop loss @ 168.73 in case the stock turns against the trade. 169.22 is the first level of resistance above 169.01, and by rule, any break above resistance is a buy signal. In this case, 169.22, 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 169.22, target 158.18, Stop Loss @ 169.71. Details
  • The technical summary data is suggesting a short of NOVT if it tests 169.22 with a downside target of 158.18. We should have a stop loss in place at 169.71 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, 169.22, 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 169.22, target 170.75, Stop Loss @ 168.83 Details
  • If 169.22 begins to break higher, the technical summary data tells us to buy NOVT just slightly over 169.22, with an upside target of 170.75. The data also tells us to set a stop loss @ 168.83 in case the stock turns against the trade. 169.22 is the first level of resistance above 169.01, and by rule, any break above resistance is a buy signal. In this case, 169.22, 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 169.22, target 167.46, Stop Loss @ 169.61. Details
  • The technical summary data is suggesting a short of NOVT if it tests 169.22 with a downside target of 167.46. We should have a stop loss in place at 169.61 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, 169.22, 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.

Real Time Updates are available on our Novanta Inc. (NOVT) Page here: NOVT.

NOVT Ratings for April 03:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 138.66
P2 167.46 169.22 158.18
P3 170.75 174.64 176.13
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Support and Resistance Plot Chart for NOVT

NOVT Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Novanta Inc. (NASDAQ: NOVT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for NOVT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports