Technical Analysis for NVX - NOVONIX Limited

Grade Last Price % Change Price Change
C 2.27 -5.02% -0.12
NVX closed down 5.02 percent on Wednesday, April 24, 2024, on 19 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
Wide Bands Range Expansion 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish -5.02%
Wide Bands Range Expansion -5.02%
Oversold Stochastic Weakness -5.02%
50 DMA Resistance Bearish 0.22%
Inside Day Range Contraction 0.22%
Wide Bands Range Expansion 0.22%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 6 hours ago
60 Minute Opening Range Breakout about 9 hours ago
Fell Below Previous Day's Low about 10 hours ago
Down 5% about 10 hours ago
Gap Down Partially Closed about 10 hours ago

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Profile

NOVONIX Limited Description

Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. It operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Graphite Exploration and Mining segment explores for graphite in Australia. The Battery Technology segment develops battery cell testing equipment and batteries, and consulting services. The Battery Materials segment develops and manufactures battery anode materials. The company is also involved in the investment and battery testing activities. Novonix Limited has strategic alliance with Harper International Corporation to develop specialized furnace technology that would enhance Novonix's synthetic graphite manufacturing process; and partnership with Emera Technologies to develop and manufacture energy storage systems for community microgrids. The company was formerly known as Graphitecorp Limited and changed its name to Novonix Limited in July 2017. Novonix Limited was incorporated in 2012 and is headquartered in Brisbane, Australia.


Classification

Sector: Industrials
Industry: Electrical Equipment & Parts
Keywords: Electric Battery Lithium Ion Battery Battery Types Graphite Energy Storage Systems Lithium Batteries In China Lithium–Silicon Battery

Is NVX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.59
52 Week Low 1.4
Average Volume 67,651
200-Day Moving Average 2.16
50-Day Moving Average 2.43
20-Day Moving Average 2.52
10-Day Moving Average 2.52
Average True Range 0.20
RSI (14) 43.18
ADX 16.94
+DI 21.52
-DI 29.95
Chandelier Exit (Long, 3 ATRs) 2.50
Chandelier Exit (Short, 3 ATRs) 2.75
Upper Bollinger Bands 2.97
Lower Bollinger Band 2.08
Percent B (%b) 0.22
BandWidth 35.31
MACD Line -0.02
MACD Signal Line 0.04
MACD Histogram -0.0567
Fundamentals Value
Market Cap 276.34 Million
Num Shares 122 Million
EPS -0.41
Price-to-Earnings (P/E) Ratio -5.54
Price-to-Sales 36.97
Price-to-Book 0.96
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.46
Resistance 3 (R3) 2.46 2.39 2.43
Resistance 2 (R2) 2.39 2.34 2.39 2.42
Resistance 1 (R1) 2.33 2.31 2.30 2.33 2.41
Pivot Point 2.27 2.27 2.25 2.27 2.27
Support 1 (S1) 2.20 2.22 2.17 2.21 2.13
Support 2 (S2) 2.14 2.19 2.14 2.12
Support 3 (S3) 2.08 2.14 2.11
Support 4 (S4) 2.08