RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NVMI
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Green day on Wednesday for Nova Measuring Instruments Ltd.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 13, 2023 Gain 59.17% PDF

The Nova Measuring Instruments Ltd. stock price gained 0.453% on the last trading day (Wednesday, 27th Mar 2024), rising from $178.93 to $179.74. During the last trading day the stock fluctuated 2.41% from a day low at $176.22 to a day high of $180.47. The price has been going up and down for this period, and there has been a 5.94% gain for the last 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 69 thousand shares were bought and sold for approximately $12.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $176.39 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 38.80% during the next 3 months and, with a 90% probability hold a price between $244.84 and $282.50 at the end of this 3-month period.

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NVMI Signals & Forecast

A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -4.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Nova Measuring Instruments Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $180.56. On a fall, the stock will find some support from the long-term average at approximately $170.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Nova Measuring Instruments Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $168.25 and $149.04. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nova Measuring Instruments Ltd. finds support just below today's level at $168.25. If this is broken, then the next support from accumulated volume will be at $149.04 and $137.71.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.25 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.26%.

Our recommended stop-loss: $172.89 (-3.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (NVMI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Nova Measuring Instruments Ltd. to open at $178.81, and during the day (based on 14 day Average True Range), to move between $174.30 and $185.18, which gives a possible trading interval of +/-$5.44 (+/-3.03%) up or down from last closing price. If Nova Measuring Instruments Ltd. takes out the full calculated possible swing range there will be an estimated 6.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $183.66 (2.18%) than the support at $168.25 (6.39%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nova Measuring Instruments Ltd. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 4.657 Buy Candidate Unchanged

Predicted Opening Price for Nova Measuring Instruments Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$178.81 ( 0.518%) $179.74

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NVMI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 183.05 1.84 %
R2 181.43 0.94 %
R1 180.43 0.384 %
Current price: 179.74
Support S1 177.19 -1.42 %
S2 176.18 -1.98 %
S3 174.56 -2.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 187.67 4.41 %
R2 184.28 2.53 %
R1 183.66 2.18 %
Current price 179.74
Support S1 168.25 -6.39%
S2 149.04 -17.08%
S3 137.71 -23.38%

FAQ

What is the symbol for Nova Measuring Instruments Ltd. Stock and on which exchange is it traded?
The symbol for Nova Measuring Instruments Ltd. is NVMI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Nova Measuring Instruments Ltd. Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy Nova Measuring Instruments Ltd. Stock?
Nova Measuring Instruments Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nova Measuring Instruments Ltd. Stock.

What's the current price of Nova Measuring Instruments Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Nova Measuring Instruments Ltd. (NVMI) share was $179.74.

What is the 52-week high and low for Nova Measuring Instruments Ltd. Stock?
The 52-week high for Nova Measuring Instruments Ltd. Stock is $190.51 and the 52-week low is $87.85.

What is the market capitalization of Nova Measuring Instruments Ltd. Stock?
As of the 2024-03-27, the market capitalization of Nova Measuring Instruments Ltd. is 5.191B.

When is the next earnings date for Nova Measuring Instruments Ltd.?
The upcoming earnings date for Nova Measuring Instruments Ltd. is May 09, 2024.
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About Nova Measuring Instruments Ltd.

Nova Measuring Instruments Ltd. Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical plan... NVMI Profile

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