Novanta Inc. (NASDAQ:NOVT) Dropped -1.1% – Here’s Why

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After completing its last trading session, Novanta Inc. (NASDAQ:NOVT) dropped by -1.1% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.026, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.358, an Accumulation/Distribution Index (ADI) of 1.358, an On-Balance Volume (OBV) of 270.393, and a Chaiikin Money Flow (CMF) of -91.52. 1.935

Now let’s take all these indicators into account. Consulting Trading View, this is what it all means:

So there you have it – our analysis of Novanta Inc. (NASDAQ:NOVT). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.