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Nova Ltd
Buy, Hold or Sell?

Let's analyse Nova Ltd together

PenkeI guess you are interested in Nova Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Nova Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Nova Ltd (30 sec.)










What can you expect buying and holding a share of Nova Ltd? (30 sec.)

How much money do you get?

How much money do you get?
ILA0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
ILA9,511.26
Expected worth in 1 year
ILA11,586.30
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
ILA2,075.04
Return On Investment
3.2%

For what price can you sell your share?

Current Price per Share
ILA65,120.00
Expected price per share
ILA52,430 - ILA
How sure are you?
50%

1. Valuation of Nova Ltd (5 min.)




Live pricePrice per Share (EOD)

ILA65,120.00

Intrinsic Value Per Share

ILA20,871.10 - ILA24,531.27

Total Value Per Share

ILA30,382.36 - ILA34,042.54

2. Growth of Nova Ltd (5 min.)




Is Nova Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$750.7m$539.5m$146.2m21.3%

How much money is Nova Ltd making?

Current yearPrevious yearGrowGrow %
Making money$34m$35m-$975.7k-2.9%
Net Profit Margin26.3%24.6%--

How much money comes from the company's main activities?

3. Financial Health of Nova Ltd (5 min.)




4. Comparing to competitors in the Semiconductor Equipment & Materials industry (5 min.)




  Industry Rankings (Semiconductor Equipment & Materials)  


Richest
#48 / 151

Most Revenue
#57 / 151

Most Profit
#36 / 151

What can you expect buying and holding a share of Nova Ltd? (5 min.)

Welcome investor! Nova Ltd's management wants to use your money to grow the business. In return you get a share of Nova Ltd.

What can you expect buying and holding a share of Nova Ltd?

First you should know what it really means to hold a share of Nova Ltd. And how you can make/lose money.

Speculation

The Price per Share of Nova Ltd is ILA65,120. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Nova Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Nova Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ILA9,511.26. Based on the TTM, the Book Value Change Per Share is ILA518.76 per quarter. Based on the YOY, the Book Value Change Per Share is ILA358.56 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ILA0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Nova Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ILA% of Price per ShareILA% of Price per ShareILA% of Price per ShareILA% of Price per ShareILA% of Price per Share
Usd Eps1.310.0%1.130.0%1.210.0%0.770.0%0.660.0%
Usd Book Value Change Per Share1.720.0%1.410.0%0.980.0%0.810.0%0.890.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share1.720.0%1.410.0%0.980.0%0.810.0%0.890.0%
Usd Price Per Share136.38-116.52-84.69-74.52-58.47-
Price to Earnings Ratio25.99-25.71-17.56-25.48-21.93-
Price-to-Total Gains Ratio79.20-83.79-90.29-149.28-117.98-
Price to Book Ratio5.27-4.92-4.59-4.52-4.01-
Price-to-Total Gains Ratio79.20-83.79-90.29-149.28-117.98-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share177.1264
Number of shares5
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share1.410.81
Usd Total Gains Per Share1.410.81
Gains per Quarter (5 shares)7.064.05
Gains per Year (5 shares)28.2216.20
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1028180166
20564603222
30857404938
4011310206554
5014113008170
6016915809786
701981860113102
802262140130118
902542420146134
1002822700162150

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%29.00.00.0100.0%29.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%29.00.00.0100.0%29.00.00.0100.0%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.029.00.0%0.00.029.00.0%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%29.00.00.0100.0%29.00.00.0100.0%

Fundamentals of Nova Ltd

About Nova 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 planarization, deposition, electrochemical plating, and advanced packaging. The company serves various sectors of the integrated circuit manufacturing industry, including logic, foundries, and memory manufacturers, as well as process equipment manufacturers. Nova Ltd. was formerly known as Nova Measuring Instruments Ltd. and changed its name to Nova Ltd. in July 2021. Nova Ltd. was incorporated in 1993 and is headquartered in Rehovot, Israel.

Fundamental data was last updated by Penke on 2024-03-21 01:42:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is fair priced.

1.1. Profitability of Nova Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Nova Ltd earns for each 1 of revenue.

  • Above 10% is considered healthy but always compare Nova Ltd to the Semiconductor Equipment & Materials industry mean.
  • A Net Profit Margin of 28.4% means that 0.28 for each 1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Nova Ltd:

  • The MRQ is 28.4%. The company is making a huge profit. +2
  • The TTM is 26.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ28.4%TTM26.3%+2.1%
TTM26.3%YOY24.6%+1.7%
TTM26.3%5Y21.3%+5.0%
5Y21.3%10Y21.1%+0.2%
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ28.4%9.6%+18.8%
TTM26.3%10.3%+16.0%
YOY24.6%14.4%+10.2%
5Y21.3%11.4%+9.9%
10Y21.1%9.3%+11.8%
1.1.2. Return on Assets

Shows how efficient Nova Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Nova Ltd to the Semiconductor Equipment & Materials industry mean.
  • 3.4% Return on Assets means that Nova Ltd generated 0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Nova Ltd:

  • The MRQ is 3.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.2%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.4%TTM3.2%+0.2%
TTM3.2%YOY3.8%-0.6%
TTM3.2%5Y3.0%+0.2%
5Y3.0%10Y3.4%-0.4%
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ3.4%1.4%+2.0%
TTM3.2%1.6%+1.6%
YOY3.8%2.1%+1.7%
5Y3.0%1.7%+1.3%
10Y3.4%1.5%+1.9%
1.1.3. Return on Equity

Shows how efficient Nova Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Nova Ltd to the Semiconductor Equipment & Materials industry mean.
  • 5.1% Return on Equity means Nova Ltd generated 0.05 for each 1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Nova Ltd:

  • The MRQ is 5.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.0%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ5.1%TTM5.0%+0.1%
TTM5.0%YOY6.5%-1.5%
TTM5.0%5Y4.6%+0.3%
5Y4.6%10Y4.9%-0.2%
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ5.1%2.4%+2.7%
TTM5.0%2.4%+2.6%
YOY6.5%3.6%+2.9%
5Y4.6%2.9%+1.7%
10Y4.9%2.7%+2.2%

1.2. Operating Efficiency of Nova Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Nova Ltd is operating .

  • Measures how much profit Nova Ltd makes for each 1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Nova Ltd to the Semiconductor Equipment & Materials industry mean.
  • An Operating Margin of 0.0% means the company generated 0.00  for each 1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Nova Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM5.9%-5.9%
TTM5.9%YOY27.3%-21.5%
TTM5.9%5Y20.5%-14.6%
5Y20.5%10Y21.8%-1.3%
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ-12.7%-12.7%
TTM5.9%4.8%+1.1%
YOY27.3%15.2%+12.1%
5Y20.5%12.5%+8.0%
10Y21.8%8.2%+13.6%
1.2.2. Operating Ratio

Measures how efficient Nova Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Semiconductor Equipment & Materials industry mean).
  • An Operation Ratio of 1.20 means that the operating costs are 1.20 for each 1 in net sales.

Let's take a look of the Operating Ratio trends of Nova Ltd:

  • The MRQ is 1.198. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.179. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.198TTM1.179+0.019
TTM1.179YOY1.172+0.007
TTM1.1795Y1.208-0.029
5Y1.20810Y1.196+0.011
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1981.441-0.243
TTM1.1791.430-0.251
YOY1.1721.393-0.221
5Y1.2081.404-0.196
10Y1.1961.264-0.068

1.3. Liquidity of Nova Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Nova Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Semiconductor Equipment & Materials industry mean).
  • A Current Ratio of 2.20 means the company has 2.20 in assets for each 1 in short-term debts.

Let's take a look of the Current Ratio trends of Nova Ltd:

  • The MRQ is 2.200. The company is able to pay all its short-term debts. +1
  • The TTM is 2.838. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.200TTM2.838-0.638
TTM2.838YOY4.020-1.181
TTM2.8385Y4.760-1.922
5Y4.76010Y4.825-0.065
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2002.510-0.310
TTM2.8382.535+0.303
YOY4.0202.513+1.507
5Y4.7602.667+2.093
10Y4.8252.366+2.459
1.3.2. Quick Ratio

Measures if Nova Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Nova Ltd to the Semiconductor Equipment & Materials industry mean.
  • A Quick Ratio of 1.39 means the company can pay off 1.39 for each 1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Nova Ltd:

  • The MRQ is 1.386. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.717. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.386TTM1.717-0.331
TTM1.717YOY2.233-0.516
TTM1.7175Y2.941-1.224
5Y2.94110Y3.105-0.164
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3860.903+0.483
TTM1.7170.939+0.778
YOY2.2330.956+1.277
5Y2.9411.175+1.766
10Y3.1051.165+1.940

1.4. Solvency of Nova Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Nova Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Nova Ltd to Semiconductor Equipment & Materials industry mean.
  • A Debt to Asset Ratio of 0.34 means that Nova Ltd assets are financed with 33.8% credit (debt) and the remaining percentage (100% - 33.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Nova Ltd:

  • The MRQ is 0.338. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.360. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.338TTM0.360-0.022
TTM0.360YOY0.417-0.057
TTM0.3605Y0.335+0.025
5Y0.33510Y0.289+0.047
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3380.368-0.030
TTM0.3600.371-0.011
YOY0.4170.379+0.038
5Y0.3350.364-0.029
10Y0.2890.374-0.085
1.4.2. Debt to Equity Ratio

Measures if Nova Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Nova Ltd to the Semiconductor Equipment & Materials industry mean.
  • A Debt to Equity ratio of 51.0% means that company has 0.51 debt for each 1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Nova Ltd:

  • The MRQ is 0.510. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.565. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.510TTM0.565-0.054
TTM0.565YOY0.716-0.151
TTM0.5655Y0.534+0.031
5Y0.53410Y0.439+0.095
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5100.583-0.073
TTM0.5650.602-0.037
YOY0.7160.654+0.062
5Y0.5340.581-0.047
10Y0.4390.650-0.211

2. Market Valuation of Nova Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every 1 in earnings Nova Ltd generates.

  • Above 15 is considered overpriced but always compare Nova Ltd to the Semiconductor Equipment & Materials industry mean.
  • A PE ratio of 25.99 means the investor is paying 25.99 for every 1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Nova Ltd:

  • The EOD is 33.756. Based on the earnings, the company is overpriced. -1
  • The MRQ is 25.991. Based on the earnings, the company is overpriced. -1
  • The TTM is 25.705. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD33.756MRQ25.991+7.765
MRQ25.991TTM25.705+0.286
TTM25.705YOY17.558+8.147
TTM25.7055Y25.481+0.225
5Y25.48110Y21.928+3.553
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
EOD33.75619.297+14.459
MRQ25.99117.633+8.358
TTM25.70519.426+6.279
YOY17.55816.197+1.361
5Y25.48125.395+0.086
10Y21.92823.421-1.493
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Nova Ltd:

  • The EOD is 58.400. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 44.966. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 34.986. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD58.400MRQ44.966+13.434
MRQ44.966TTM34.986+9.979
TTM34.986YOY34.944+0.043
TTM34.9865Y36.075-1.088
5Y36.07510Y30.544+5.531
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
EOD58.4008.162+50.238
MRQ44.9668.239+36.727
TTM34.9863.717+31.269
YOY34.9442.573+32.371
5Y36.0751.631+34.444
10Y30.544-1.252+31.796
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Nova Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Semiconductor Equipment & Materials industry mean).
  • A PB ratio of 5.27 means the investor is paying 5.27 for each 1 in book value.

Let's take a look of the Price to Book Ratio trends of Nova Ltd:

  • The EOD is 6.847. Based on the equity, the company is overpriced. -1
  • The MRQ is 5.272. Based on the equity, the company is overpriced. -1
  • The TTM is 4.919. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD6.847MRQ5.272+1.575
MRQ5.272TTM4.919+0.353
TTM4.919YOY4.593+0.326
TTM4.9195Y4.518+0.401
5Y4.51810Y4.012+0.506
Compared to industry (Semiconductor Equipment & Materials)
PeriodCompanyIndustry (mean)+/- 
EOD6.8472.581+4.266
MRQ5.2722.510+2.762
TTM4.9192.492+2.427
YOY4.5932.805+1.788
5Y4.5182.776+1.742
10Y4.0123.023+0.989
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Nova Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--633.094518.760+22%358.561+77%297.729+113%327.975+93%
Book Value Per Share--9511.2628688.241+9%6835.146+39%5835.875+63%4925.305+93%
Current Ratio--2.2002.838-22%4.020-45%4.760-54%4.825-54%
Debt To Asset Ratio--0.3380.360-6%0.417-19%0.335+1%0.289+17%
Debt To Equity Ratio--0.5100.565-10%0.716-29%0.534-4%0.439+16%
Dividend Per Share----0%-0%-0%-0%
Eps--482.283416.838+16%444.089+9%283.786+70%243.419+98%
Free Cash Flow Per Share--278.768336.814-17%311.103-10%257.026+8%214.354+30%
Free Cash Flow To Equity Per Share--278.768337.565-17%203.435+37%343.699-19%273.676+2%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--24531.274--------
Intrinsic Value_10Y_min--20871.097--------
Intrinsic Value_1Y_max--1557.134--------
Intrinsic Value_1Y_min--1528.953--------
Intrinsic Value_3Y_max--5365.279--------
Intrinsic Value_3Y_min--5108.275--------
Intrinsic Value_5Y_max--10001.378--------
Intrinsic Value_5Y_min--9223.915--------
Market Cap1889762864000.000+23%1455047758000.0001243203948000.000+17%903528359500.000+61%795103505375.000+83%623842494975.862+133%
Net Profit Margin--0.2840.263+8%0.246+15%0.213+33%0.211+34%
Operating Margin---0.059-100%0.273-100%0.205-100%0.218-100%
Operating Ratio--1.1981.179+2%1.172+2%1.208-1%1.196+0%
Pb Ratio6.847+23%5.2724.919+7%4.593+15%4.518+17%4.012+31%
Pe Ratio33.756+23%25.99125.705+1%17.558+48%25.481+2%21.928+19%
Price Per Share65120.000+23%50140.00042840.000+17%31135.000+61%27398.750+83%21497.207+133%
Price To Free Cash Flow Ratio58.400+23%44.96634.986+29%34.944+29%36.075+25%30.544+47%
Price To Total Gains Ratio102.860+23%79.19883.789-5%90.285-12%149.283-47%117.984-33%
Quick Ratio--1.3861.717-19%2.233-38%2.941-53%3.105-55%
Return On Assets--0.0340.032+6%0.038-12%0.030+13%0.034-1%
Return On Equity--0.0510.050+2%0.065-22%0.046+9%0.049+4%
Total Gains Per Share--633.094518.760+22%358.561+77%297.729+113%327.975+93%
Usd Book Value--750758006.016685793986.308+9%539522566.146+39%460646535.143+63%388771972.220+93%
Usd Book Value Change Per Share--1.7221.411+22%0.975+77%0.810+113%0.892+93%
Usd Book Value Per Share--25.87123.632+9%18.592+39%15.874+63%13.397+93%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--1.3121.134+16%1.208+9%0.772+70%0.662+98%
Usd Free Cash Flow--22004176.03226585962.686-17%24556446.450-10%20288012.303+8%16919721.564+30%
Usd Free Cash Flow Per Share--0.7580.916-17%0.846-10%0.699+8%0.583+30%
Usd Free Cash Flow To Equity Per Share--0.7580.918-17%0.553+37%0.935-19%0.744+2%
Usd Market Cap5140154990.080+23%3957729901.7603381514738.560+17%2457597137.840+61%2162681534.620+83%1696851586.334+133%
Usd Price Per Share177.126+23%136.381116.525+17%84.687+61%74.525+83%58.472+133%
Usd Profit--38068304.54434077772.620+12%35053530.426+9%22635281.081+68%19376017.076+96%
Usd Revenue--134220073.752129481535.844+4%142683391.458-6%99954249.628+34%86980247.561+54%
Usd Total Gains Per Share--1.7221.411+22%0.975+77%0.810+113%0.892+93%
 EOD+4 -4MRQTTM+19 -14YOY+18 -155Y+22 -1110Y+21 -12

3.2. Fundamental Score

Let's check the fundamental score of Nova Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1533.756
Price to Book Ratio (EOD)Between0-16.847
Net Profit Margin (MRQ)Greater than00.284
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.386
Current Ratio (MRQ)Greater than12.200
Debt to Asset Ratio (MRQ)Less than10.338
Debt to Equity Ratio (MRQ)Less than10.510
Return on Equity (MRQ)Greater than0.150.051
Return on Assets (MRQ)Greater than0.050.034
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Nova Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.935
Ma 20Greater thanMa 5064,137.500
Ma 50Greater thanMa 10059,251.400
Ma 100Greater thanMa 20053,316.000
OpenGreater thanClose66,800.000
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets1,133,807
Total Liabilities383,055
Total Stockholder Equity750,752
 As reported
Total Liabilities 383,055
Total Stockholder Equity+ 750,752
Total Assets = 1,133,807

Assets

Total Assets1,133,807
Total Current Assets710,220
Long-term Assets423,587
Total Current Assets
Cash And Cash Equivalents 107,574
Short-term Investments 336,108
Net Receivables 111,256
Inventory 138,198
Other Current Assets 4,194
Total Current Assets  (as reported)710,220
Total Current Assets  (calculated)697,330
+/- 12,890
Long-term Assets
Property Plant Equipment 108,730
Goodwill 50,080
Long Term Investments 191,351
Intangible Assets 39,184
Long-term Assets Other 9,513
Long-term Assets  (as reported)423,587
Long-term Assets  (calculated)398,858
+/- 24,729

Liabilities & Shareholders' Equity

Total Current Liabilities322,811
Long-term Liabilities60,244
Total Stockholder Equity750,752
Total Current Liabilities
Short Long Term Debt 197,678
Accounts payable 35,158
Other Current Liabilities 5,090
Total Current Liabilities  (as reported)322,811
Total Current Liabilities  (calculated)237,926
+/- 84,885
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt46,465
Long-term Liabilities Other 6,545
Long-term Liabilities  (as reported)60,244
Long-term Liabilities  (calculated)53,010
+/- 7,234
Total Stockholder Equity
Retained Earnings 614,383
Total Stockholder Equity (as reported)750,752
Total Stockholder Equity (calculated)614,383
+/- 136,369
Other
Common Stock Shares Outstanding 29,014
Net Debt 90,104
Net Invested Capital 948,430
Net Working Capital 387,409
Property Plant and Equipment Gross 171,842



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-31
> Total Assets 
218,593
238,098
259,362
272,155
283,285
293,540
306,087
316,038
333,430
374,369
365,954
379,376
400,443
412,631
423,397
447,548
655,786
688,377
717,187
776,040
805,154
878,908
901,501
933,811
984,105
1,026,937
1,039,104
1,084,159
1,133,807
1,133,8071,084,1591,039,1041,026,937984,105933,811901,501878,908805,154776,040717,187688,377655,786447,548423,397412,631400,443379,376365,954374,369333,430316,038306,087293,540283,285272,155259,362238,098218,593
   > Total Current Assets 
167,676
188,745
210,983
224,859
231,908
242,962
255,805
265,710
281,577
294,368
283,161
291,894
302,931
315,937
326,463
348,448
558,701
591,250
560,081
558,062
566,516
540,176
577,830
569,135
612,946
649,118
664,514
724,846
710,220
710,220724,846664,514649,118612,946569,135577,830540,176566,516558,062560,081591,250558,701348,448326,463315,937302,931291,894283,161294,368281,577265,710255,805242,962231,908224,859210,983188,745167,676
       Cash And Cash Equivalents 
20,406
24,423
41,732
20,020
27,697
28,468
27,622
23,767
22,877
36,134
30,850
26,220
31,748
35,531
25,885
32,713
232,304
208,758
136,290
72,127
126,698
105,193
170,297
118,814
111,121
96,075
129,190
116,480
107,574
107,574116,480129,19096,075111,121118,814170,297105,193126,69872,127136,290208,758232,30432,71325,88535,53131,74826,22030,85036,13422,87723,76727,62228,46827,69720,02041,73224,42320,406
       Short-term Investments 
70,546
90,624
93,205
123,833
121,390
132,198
140,039
145,800
152,951
155,323
146,876
152,916
154,533
162,155
187,535
200,676
191,567
246,096
283,905
337,859
283,465
235,689
194,015
216,416
262,378
293,323
287,199
357,429
336,108
336,108357,429287,199293,323262,378216,416194,015235,689283,465337,859283,905246,096191,567200,676187,535162,155154,533152,916146,876155,323152,951145,800140,039132,198121,390123,83393,20590,62470,546
       Net Receivables 
42,626
38,239
36,352
33,554
40,949
37,425
43,073
48,071
53,531
46,921
48,078
47,054
51,603
55,043
44,457
41,097
63,314
59,820
58,207
64,630
68,446
77,985
94,559
98,909
110,736
100,985
82,904
91,861
111,256
111,25691,86182,904100,985110,73698,90994,55977,98568,44664,63058,20759,82063,31441,09744,45755,04351,60347,05448,07846,92153,53148,07143,07337,42540,94933,55436,35238,23942,626
       Inventory 
29,260
30,812
33,671
38,952
34,921
39,064
41,332
41,828
41,786
45,631
48,976
50,143
48,362
49,779
56,584
62,063
61,734
66,141
71,800
73,390
78,665
96,193
101,633
115,608
116,600
137,096
149,001
141,224
138,198
138,198141,224149,001137,096116,600115,608101,63396,19378,66573,39071,80066,14161,73462,06356,58449,77948,36250,14348,97645,63141,78641,82841,33239,06434,92138,95233,67130,81229,260
       Other Current Assets 
4,838
4,647
6,023
8,500
6,951
5,807
3,739
6,244
10,432
10,359
8,381
15,561
14,851
13,429
12,002
11,899
6,451
10,435
9,879
10,056
4,830
25,116
17,326
19,388
3,004
21,639
16,220
17,852
4,194
4,19417,85216,22021,6393,00419,38817,32625,1164,83010,0569,87910,4356,45111,89912,00213,42914,85115,5618,38110,35910,4326,2443,7395,8076,9518,5006,0234,6474,838
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
80,001
82,793
87,482
97,512
96,694
96,934
99,100
97,085
97,127
157,106
217,978
238,638
338,732
323,671
364,676
371,159
377,819
374,590
359,313
423,587
423,587359,313374,590377,819371,159364,676323,671338,732238,638217,978157,10697,12797,08599,10096,93496,69497,51287,48282,79380,001000000000
       Property Plant Equipment 
10,017
9,505
9,596
9,526
13,891
13,612
13,585
13,193
13,756
42,851
46,431
51,329
58,822
59,005
59,044
61,999
63,277
62,193
61,874
61,361
65,087
90,176
90,654
93,658
100,771
100,789
103,605
103,829
108,730
108,730103,829103,605100,789100,77193,65890,65490,17665,08761,36161,87462,19363,27761,99959,04459,00558,82251,32946,43142,85113,75613,19313,58513,61213,8919,5269,5969,50510,017
       Goodwill 
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
20,114
50,540
48,534
47,421
49,009
49,585
49,539
48,830
50,080
50,08048,83049,53949,58549,00947,42148,53450,54020,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,11420,114
       Long Term Investments 
0
750
750
750
750
1,100
1,100
2,000
0
2,000
2,000
2,000
2,813
2,726
2,804
2,824
2,547
3,425
63,108
124,476
141,087
135,606
124,200
165,047
153,945
154,825
148,379
139,856
191,351
191,351139,856148,379154,825153,945165,047124,200135,606141,087124,47663,1083,4252,5472,8242,8042,7262,8132,0002,0002,00002,0001,1001,1007507507507500
       Intangible Assets 
15,361
14,721
14,081
13,440
12,800
12,147
11,493
10,840
10,187
9,530
8,874
8,227
7,562
6,936
6,310
5,684
5,059
4,484
3,910
3,336
2,601
49,308
45,456
41,719
43,586
42,969
41,434
39,014
39,184
39,18439,01441,43442,96943,58641,71945,45649,3082,6013,3363,9104,4845,0595,6846,3106,9367,5628,2278,8749,53010,18710,84011,49312,14712,80013,44014,08114,72115,361
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
80,001
82,793
87,482
2,437
2,000
2,381
2,000
1,938
2,193
2,206
2,321
2,261
2,346
2,323
2,479
2,557
7,995
7,877
3,277
9,513
9,5133,2777,8777,9952,5572,4792,3232,3462,2612,3212,2062,1931,9382,0002,3812,0002,43787,48282,79380,001000000000
> Total Liabilities 
43,876
47,039
54,110
54,712
56,549
51,879
51,517
46,776
52,690
84,360
75,346
78,740
85,904
84,742
87,435
95,848
284,248
297,630
301,485
327,494
331,400
383,360
378,987
380,763
397,142
397,643
376,776
383,379
383,055
383,055383,379376,776397,643397,142380,763378,987383,360331,400327,494301,485297,630284,24895,84887,43584,74285,90478,74075,34684,36052,69046,77651,51751,87956,54954,71254,11047,03943,876
   > Total Current Liabilities 
39,034
42,804
49,441
50,121
52,126
47,206
46,761
41,858
48,078
53,912
44,800
46,264
46,949
46,293
47,977
55,218
60,934
73,932
257,049
282,787
287,930
311,660
116,088
118,662
134,068
135,730
313,213
322,184
322,811
322,811322,184313,213135,730134,068118,662116,088311,660287,930282,787257,04973,93260,93455,21847,97746,29346,94946,26444,80053,91248,07841,85846,76147,20652,12650,12149,44142,80439,034
       Short-term Debt 
0
0
0
0
0
0
0
0
0
3,236
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000003,236000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
3,236
0
0
0
0
0
0
0
0
180,893
181,962
183,037
195,432
0
0
0
0
197,030
197,354
197,678
197,678197,354197,0300000195,432183,037181,962180,893000000003,236000000000
       Accounts payable 
16,501
16,591
19,209
17,623
15,754
18,050
18,545
17,620
19,015
22,319
16,889
18,589
20,706
18,451
21,716
22,733
24,096
24,586
26,527
29,008
36,218
35,973
36,819
43,376
42,732
43,092
35,951
26,268
35,158
35,15826,26835,95143,09242,73243,37636,81935,97336,21829,00826,52724,58624,09622,73321,71618,45120,70618,58916,88922,31919,01517,62018,54518,05015,75417,62319,20916,59116,501
       Other Current Liabilities 
8,974
26,213
30,232
32,498
15,635
29,156
28,216
24,238
10,638
23,239
19,460
20,340
7,734
25,822
24,326
30,094
9,604
45,479
45,687
67,664
23,675
74,358
73,542
69,266
41,514
56,426
74,504
50,788
5,090
5,09050,78874,50456,42641,51469,26673,54274,35823,67567,66445,68745,4799,60430,09424,32625,8227,73420,34019,46023,23910,63824,23828,21629,15615,63532,49830,23226,2138,974
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
30,448
30,546
32,476
38,955
38,449
39,458
40,630
223,314
223,698
44,436
44,707
43,470
71,700
262,899
262,101
263,074
261,913
63,563
61,195
60,244
60,24461,19563,563261,913263,074262,101262,89971,70043,47044,70744,436223,698223,31440,63039,45838,44938,95532,47630,54630,448000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
25,697
28,860
28,819
33,313
32,390
32,826
34,266
35,608
34,694
34,964
35,192
37,902
53,190
49,028
48,748
49,665
47,906
46,292
44,354
46,465
46,46544,35446,29247,90649,66548,74849,02853,19037,90235,19234,96434,69435,60834,26632,82632,39033,31328,81928,86025,697000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
2,422
2,779
5,180
5,758
6,025
6,448
6,616
8,882
9,378
9,610
9,923
6,334
6,936
7,627
8,146
7,194
11,206
11,324
11,961
6,545
6,54511,96111,32411,2067,1948,1467,6276,9366,3349,9239,6109,3788,8826,6166,4486,0255,7585,1802,7792,422000000000
> Total Stockholder Equity
174,717
191,059
205,252
217,443
226,736
241,661
254,570
269,262
280,740
290,009
290,608
300,636
314,539
327,889
335,962
351,700
371,538
390,747
415,702
448,546
473,754
495,548
522,514
553,048
586,963
629,294
662,328
700,780
750,752
750,752700,780662,328629,294586,963553,048522,514495,548473,754448,546415,702390,747371,538351,700335,962327,889314,539300,636290,608290,009280,740269,262254,570241,661226,736217,443205,252191,059174,717
   Common Stock
74
191,059
205,252
217,443
74
241,661
254,570
269,262
74
290,009
290,608
300,636
74
327,889
74
351,700
74
390,747
415,702
448,546
473,754
495,548
522,514
553,048
0
0
662,328
0
0
00662,32800553,048522,514495,548473,754448,546415,702390,74774351,70074327,88974300,636290,608290,00974269,262254,570241,66174217,443205,252191,05974
   Retained Earnings 
57,665
0
0
0
104,124
0
0
0
158,542
0
0
0
193,713
0
214,067
0
241,620
0
0
0
334,721
0
0
0
478,073
0
0
0
614,383
614,383000478,073000334,721000241,6200214,0670193,713000158,542000104,12400057,665
   Accumulated Other Comprehensive Income 00000000000000000000000000000
   Capital Surplus 00000000000000000000000000000
   Treasury Stock00000000000000000000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue517,922
Cost of Revenue-224,745
Gross Profit293,177293,177
 
Operating Income (+$)
Gross Profit293,177
Operating Expense-385,659
Operating Income132,263-92,482
 
Operating Expense (+$)
Research Development88,043
Selling General Administrative72,871
Selling And Marketing Expenses0
Operating Expense385,659160,914
 
Net Interest Income (+$)
Interest Income22,643
Interest Expense-1,284
Other Finance Cost-226
Net Interest Income21,133
 
Pretax Income (+$)
Operating Income132,263
Net Interest Income21,133
Other Non-Operating Income Expenses0
Income Before Tax (EBT)154,699130,960
EBIT - interestExpense = -1,284
136,310
137,594
Interest Expense1,284
Earnings Before Interest and Taxes (EBIT)0155,983
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax154,699
Tax Provision-18,389
Net Income From Continuing Ops136,310136,310
Net Income136,310
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net1,303-21,133
 

Technical Analysis of Nova Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Nova Ltd. The general trend of Nova Ltd is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Nova Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Nova Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 59,870 > 55,760 > 52,430.

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Nova Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Nova Ltd. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Nova Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Nova Ltd. The current macd is 1,778.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Nova Ltd price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Nova Ltd. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Nova Ltd price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Nova Ltd Daily Moving Average Convergence/Divergence (MACD) ChartNova Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Nova Ltd. The current adx is 22.21.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Nova Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Nova Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Nova Ltd. The current sar is 60,480.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Nova Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Nova Ltd. The current rsi is 58.94. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Nova Ltd Daily Relative Strength Index (RSI) ChartNova Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Nova Ltd. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Nova Ltd price going down in the near term. -2
  • Trending up: The STOCH %K is trending up. +1
Nova Ltd Daily Stochastic Oscillator ChartNova Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Nova Ltd. The current cci is 48.37.

Nova Ltd Daily Commodity Channel Index (CCI) ChartNova Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Nova Ltd. The current cmo is 14.78.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Nova Ltd Daily Chande Momentum Oscillator (CMO) ChartNova Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Nova Ltd. The current willr is -33.20610687.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Nova Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Nova Ltd Daily Williams %R ChartNova Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Nova Ltd.

Nova Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Nova Ltd. The current atr is 1,829.

Nova Ltd Daily Average True Range (ATR) ChartNova Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Nova Ltd. The current obv is 2,300,820.

Nova Ltd Daily On-Balance Volume (OBV) ChartNova Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Nova Ltd. The current mfi is 62.36.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Nova Ltd Daily Money Flow Index (MFI) ChartNova Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nova Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-25CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-21ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-15BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-20ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.

6.3. Candlestick Patterns

Nova Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Nova Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.935
Ma 20Greater thanMa 5064,137.500
Ma 50Greater thanMa 10059,251.400
Ma 100Greater thanMa 20053,316.000
OpenGreater thanClose66,800.000
Total5/5 (100.0%)
Penke

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