25 XP   0   0   10

Novonix Ltd
Buy, Hold or Sell?

Let's analyse Novonix Ltd together

PenkeI guess you are interested in Novonix 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 Novonix 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.

Get notifications about Novonix Ltd

I send you an email if I find something interesting about Novonix Ltd.

Quick analysis of Novonix Ltd (30 sec.)










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

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
55.6%

What is your share worth?

Current worth
A$0.45
Expected worth in 1 year
A$0.21
How sure are you?
77.8%

+ What do you gain per year?

Total Gains per Share
A$-0.24
Return On Investment
-25.1%

For what price can you sell your share?

Current Price per Share
A$0.97
Expected price per share
A$0.83 - A$1.39
How sure are you?
50%

1. Valuation of Novonix Ltd (5 min.)




Live pricePrice per Share (EOD)

A$0.97

Intrinsic Value Per Share

A$-2.84 - A$-2.10

Total Value Per Share

A$-2.39 - A$-1.64

2. Growth of Novonix Ltd (5 min.)




Is Novonix Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$141.8m$160.8m-$18.9m-13.4%

How much money is Novonix Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$35.6m-$33.2m-$2.4m-6.9%
Net Profit Margin-1,031.1%-850.0%--

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

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




4. Comparing to competitors in the Electrical Equipment & Parts industry (5 min.)




  Industry Rankings (Electrical Equipment & Parts)  


Richest
#250 / 462

Most Revenue
#457 / 462

Most Profit
#445 / 462

Most Efficient
#334 / 462

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

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

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

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

Speculation

The Price per Share of Novonix Ltd is A$0.965. 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 Novonix 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 Novonix 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 A$0.45. Based on the TTM, the Book Value Change Per Share is A$-0.06 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.15 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 A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Novonix Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.04-3.8%-0.04-3.8%-0.09-9.7%-0.04-4.4%-0.03-2.7%
Usd Book Value Change Per Share-0.04-4.0%-0.04-4.0%0.109.9%0.055.4%0.033.3%
Usd Dividend Per Share0.000.0%0.000.0%0.088.7%0.088.1%0.044.5%
Usd Total Gains Per Share-0.04-4.0%-0.04-4.0%0.1818.6%0.1313.5%0.087.9%
Usd Price Per Share0.63-0.63-1.46-0.87-0.61-
Price to Earnings Ratio-17.28--17.28--15.60--24.47--38.72-
Price-to-Total Gains Ratio-16.26--16.26-8.12-1.52--30.56-
Price to Book Ratio2.17-2.17-4.44-8.29-15.07-
Price-to-Total Gains Ratio-16.26--16.26-8.12-1.52--30.56-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.617986
Number of shares1618
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.08
Usd Book Value Change Per Share-0.040.05
Usd Total Gains Per Share-0.040.13
Gains per Quarter (1618 shares)-62.76210.80
Gains per Year (1618 shares)-251.02843.19
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-251-261507336833
20-502-51210146731676
30-753-763152110092519
40-1004-1014202713453362
50-1255-1265253416824205
60-1506-1516304120185048
70-1757-1767354823545891
80-2008-2018405526916734
90-2259-2269456230277577
100-2510-2520506833648420

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 Share0.01.00.00.0%0.03.00.00.0%0.05.00.00.0%0.09.00.00.0%0.09.00.00.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%3.02.00.060.0%6.03.00.066.7%6.03.00.066.7%
Dividend per Share0.00.01.00.0%2.00.01.066.7%4.00.01.080.0%5.00.04.055.6%5.00.04.055.6%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%7.02.00.077.8%7.02.00.077.8%

Fundamentals of Novonix Ltd

About Novonix Ltd

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services, and carries out research and development in battery development. The company is involved in the investment and real estate borrowing activities; and offers battery technology, battery testing hardware equipment, and battery testing and development consulting services. 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 based in Brisbane, Australia.

Fundamental data was last updated by Penke on 2024-04-02 17:39:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very 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 underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Novonix Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Novonix Ltd to the Electrical Equipment & Parts industry mean.
  • A Net Profit Margin of -1,031.1% means that $-10.31 for each $1 in revenue is generated as profit.

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

  • The MRQ is -1,031.1%. The company is making a huge loss. -2
  • The TTM is -1,031.1%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-1,031.1%TTM-1,031.1%0.0%
TTM-1,031.1%YOY-850.0%-181.1%
TTM-1,031.1%5Y-827.1%-204.0%
5Y-827.1%10Y-1,753.8%+926.7%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-1,031.1%3.8%-1,034.9%
TTM-1,031.1%4.0%-1,035.1%
YOY-850.0%3.6%-853.6%
5Y-827.1%3.5%-830.6%
10Y-1,753.8%3.9%-1,757.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Novonix Ltd to the Electrical Equipment & Parts industry mean.
  • -20.1% Return on Assets means that Novonix Ltd generated $-0.20 profit for each $1 in assets.

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

  • The MRQ is -20.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -20.1%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-20.1%TTM-20.1%0.0%
TTM-20.1%YOY-17.1%-3.0%
TTM-20.1%5Y-29.5%+9.4%
5Y-29.5%10Y-26.5%-3.0%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-20.1%1.5%-21.6%
TTM-20.1%1.5%-21.6%
YOY-17.1%1.4%-18.5%
5Y-29.5%1.3%-30.8%
10Y-26.5%1.6%-28.1%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Novonix Ltd to the Electrical Equipment & Parts industry mean.
  • -25.2% Return on Equity means Novonix Ltd generated $-0.25 for each $1 the owners (shareholders) invested.

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

  • The MRQ is -25.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -25.2%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-25.2%TTM-25.2%0.0%
TTM-25.2%YOY-20.7%-4.5%
TTM-25.2%5Y-50.3%+25.2%
5Y-50.3%10Y-40.1%-10.2%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-25.2%2.8%-28.0%
TTM-25.2%2.9%-28.1%
YOY-20.7%3.3%-24.0%
5Y-50.3%2.7%-53.0%
10Y-40.1%2.9%-43.0%

1.2. Operating Efficiency of Novonix Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Novonix Ltd is operating .

  • Measures how much profit Novonix 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 Novonix Ltd to the Electrical Equipment & Parts industry mean.
  • An Operating Margin of -1,058.2% means the company generated $-10.58  for each $1 in revenue (before taxes).

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

  • The MRQ is -1,058.2%. The company is operating very inefficient. -2
  • The TTM is -1,058.2%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-1,058.2%TTM-1,058.2%0.0%
TTM-1,058.2%YOY-778.1%-280.1%
TTM-1,058.2%5Y-743.9%-314.4%
5Y-743.9%10Y-1,635.8%+891.9%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-1,058.2%5.9%-1,064.1%
TTM-1,058.2%3.8%-1,062.0%
YOY-778.1%5.2%-783.3%
5Y-743.9%4.9%-748.8%
10Y-1,635.8%4.3%-1,640.1%
1.2.2. Operating Ratio

Measures how efficient Novonix Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • An Operation Ratio of 11.58 means that the operating costs are $11.58 for each $1 in net sales.

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

  • The MRQ is 11.582. The company is inefficient in keeping operating costs low. -1
  • The TTM is 11.582. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ11.582TTM11.5820.000
TTM11.582YOY8.874+2.708
TTM11.5825Y8.451+3.131
5Y8.45110Y16.950-8.499
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ11.5821.673+9.909
TTM11.5821.676+9.906
YOY8.8741.676+7.198
5Y8.4511.624+6.827
10Y16.9501.430+15.520

1.3. Liquidity of Novonix Ltd.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A Current Ratio of 13.72 means the company has $13.72 in assets for each $1 in short-term debts.

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

  • The MRQ is 13.721. The company is very able to pay all its short-term debts. +2
  • The TTM is 13.721. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ13.721TTM13.7210.000
TTM13.721YOY20.559-6.839
TTM13.7215Y14.557-0.837
5Y14.55710Y12.915+1.643
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ13.7211.918+11.803
TTM13.7211.898+11.823
YOY20.5591.911+18.648
5Y14.5571.997+12.560
10Y12.9151.777+11.138
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Novonix Ltd to the Electrical Equipment & Parts industry mean.
  • A Quick Ratio of 13.12 means the company can pay off $13.12 for each $1 in debt (using most liquid assets).

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

  • The MRQ is 13.115. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 13.115. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ13.115TTM13.1150.000
TTM13.115YOY19.357-6.242
TTM13.1155Y13.893-0.777
5Y13.89310Y12.949+0.943
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ13.1150.791+12.324
TTM13.1150.827+12.288
YOY19.3570.929+18.428
5Y13.8930.955+12.938
10Y12.9491.005+11.944

1.4. Solvency of Novonix Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Novonix Ltd to Electrical Equipment & Parts industry mean.
  • A Debt to Asset Ratio of 0.20 means that Novonix Ltd assets are financed with 20.1% credit (debt) and the remaining percentage (100% - 20.1%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.201. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.201. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.201TTM0.2010.000
TTM0.201YOY0.171+0.030
TTM0.2015Y0.232-0.030
5Y0.23210Y0.194+0.038
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2010.433-0.232
TTM0.2010.445-0.244
YOY0.1710.435-0.264
5Y0.2320.443-0.211
10Y0.1940.434-0.240
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Novonix Ltd to the Electrical Equipment & Parts industry mean.
  • A Debt to Equity ratio of 25.2% means that company has $0.25 debt for each $1 in shareholders equity.

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

  • The MRQ is 0.252. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.252. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.252TTM0.2520.000
TTM0.252YOY0.206+0.046
TTM0.2525Y0.388-0.136
5Y0.38810Y0.314+0.075
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2520.760-0.508
TTM0.2520.810-0.558
YOY0.2060.773-0.567
5Y0.3880.807-0.419
10Y0.3140.820-0.506

2. Market Valuation of Novonix 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 Novonix Ltd generates.

  • Above 15 is considered overpriced but always compare Novonix Ltd to the Electrical Equipment & Parts industry mean.
  • A PE ratio of -17.28 means the investor is paying $-17.28 for every $1 in earnings.

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

  • The EOD is -16.926. Based on the earnings, the company is expensive. -2
  • The MRQ is -17.277. Based on the earnings, the company is expensive. -2
  • The TTM is -17.277. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-16.926MRQ-17.277+0.351
MRQ-17.277TTM-17.2770.000
TTM-17.277YOY-15.598-1.679
TTM-17.2775Y-24.472+7.195
5Y-24.47210Y-38.723+14.251
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-16.92616.269-33.195
MRQ-17.27713.429-30.706
TTM-17.27714.124-31.401
YOY-15.59817.245-32.843
5Y-24.47218.504-42.976
10Y-38.72322.759-61.482
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -6.964. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -7.109. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -7.109. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.964MRQ-7.109+0.144
MRQ-7.109TTM-7.1090.000
TTM-7.109YOY-6.316-0.793
TTM-7.1095Y-22.118+15.010
5Y-22.11810Y-32.117+9.999
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD-6.9644.332-11.296
MRQ-7.1093.872-10.981
TTM-7.1092.781-9.890
YOY-6.316-4.093-2.223
5Y-22.1180.417-22.535
10Y-32.1170.293-32.410
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A PB ratio of 2.17 means the investor is paying $2.17 for each $1 in book value.

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

  • The EOD is 2.129. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.173. Based on the equity, the company is underpriced. +1
  • The TTM is 2.173. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.129MRQ2.173-0.044
MRQ2.173TTM2.1730.000
TTM2.173YOY4.437-2.264
TTM2.1735Y8.294-6.121
5Y8.29410Y15.067-6.774
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD2.1291.921+0.208
MRQ2.1732.026+0.147
TTM2.1732.082+0.091
YOY4.4372.462+1.975
5Y8.2942.356+5.938
10Y15.0672.706+12.361
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Novonix Ltd.

3.1. Institutions holding Novonix Ltd

Institutions are holding 7.884% of the shares of Novonix Ltd.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-12-31Formidable Asset Management, LLC0.01?22250
Total 0.0102225000.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Novonix 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---0.061-0.0610%0.149-141%0.081-175%0.050-220%
Book Value Per Share--0.4530.4530%0.514-12%0.290+57%0.172+163%
Current Ratio--13.72113.7210%20.559-33%14.557-6%12.915+6%
Debt To Asset Ratio--0.2010.2010%0.171+18%0.232-13%0.194+4%
Debt To Equity Ratio--0.2520.2520%0.206+22%0.388-35%0.314-20%
Dividend Per Share----0%0.131-100%0.122-100%0.068-100%
Eps---0.057-0.0570%-0.146+156%-0.067+17%-0.041-28%
Free Cash Flow Per Share---0.139-0.1390%-0.361+161%-0.124-11%-0.082-41%
Free Cash Flow To Equity Per Share---0.141-0.1410%0.216-165%0.085-267%0.058-342%
Gross Profit Margin--1.7661.7660%1.041+70%1.221+45%1.157+53%
Intrinsic Value_10Y_max---2.097--------
Intrinsic Value_10Y_min---2.842--------
Intrinsic Value_1Y_max---0.143--------
Intrinsic Value_1Y_min---0.219--------
Intrinsic Value_3Y_max---0.480--------
Intrinsic Value_3Y_min---0.719--------
Intrinsic Value_5Y_max---0.879--------
Intrinsic Value_5Y_min---1.282--------
Market Cap471627337.280-2%481401997.120481401997.1200%1114311221.760-57%664188136.128-28%461852677.440+4%
Net Profit Margin---10.311-10.3110%-8.500-18%-8.271-20%-17.538+70%
Operating Margin---10.582-10.5820%-7.781-26%-7.439-30%-16.358+55%
Operating Ratio--11.58211.5820%8.874+31%8.451+37%16.950-32%
Pb Ratio2.129-2%2.1732.1730%4.437-51%8.294-74%15.067-86%
Pe Ratio-16.926+2%-17.277-17.2770%-15.598-10%-24.472+42%-38.723+124%
Price Per Share0.965-2%0.9850.9850%2.280-57%1.359-28%0.945+4%
Price To Free Cash Flow Ratio-6.964+2%-7.109-7.1090%-6.316-11%-22.118+211%-32.117+352%
Price To Total Gains Ratio-15.933+2%-16.263-16.2630%8.122-300%1.520-1170%-30.559+88%
Quick Ratio--13.11513.1150%19.357-32%13.893-6%12.949+1%
Return On Assets---0.201-0.2010%-0.171-15%-0.295+47%-0.265+32%
Return On Equity---0.252-0.2520%-0.207-18%-0.503+100%-0.401+59%
Total Gains Per Share---0.061-0.0610%0.281-122%0.203-130%0.118-151%
Usd Book Value--141869844.630141869844.6300%160825879.311-12%90629996.907+57%53852485.331+163%
Usd Book Value Change Per Share---0.039-0.0390%0.096-141%0.052-175%0.032-220%
Usd Book Value Per Share--0.2900.2900%0.329-12%0.185+57%0.110+163%
Usd Dividend Per Share----0%0.084-100%0.078-100%0.044-100%
Usd Eps---0.037-0.0370%-0.094+156%-0.043+17%-0.026-28%
Usd Free Cash Flow---43367859.860-43367859.8600%-112981512.675+161%-38710324.360-11%-22776249.764-47%
Usd Free Cash Flow Per Share---0.089-0.0890%-0.231+161%-0.079-11%-0.052-41%
Usd Free Cash Flow To Equity Per Share---0.090-0.0900%0.138-165%0.054-267%0.037-342%
Usd Market Cap302030146.794-2%308289838.956308289838.9560%713604906.415-57%425346082.376-28%295770454.633+4%
Usd Price Per Share0.618-2%0.6310.6310%1.460-57%0.870-28%0.605+4%
Usd Profit---35688229.131-35688229.1310%-33211340.603-7%-20200855.000-43%-12287670.835-66%
Usd Revenue--3461075.1013461075.1010%3907179.662-11%2680486.956+29%1610906.686+115%
Usd Total Gains Per Share---0.039-0.0390%0.180-122%0.130-130%0.076-151%
 EOD+3 -5MRQTTM+0 -0YOY+10 -265Y+13 -2310Y+18 -18

4.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-16.926
Price to Book Ratio (EOD)Between0-12.129
Net Profit Margin (MRQ)Greater than0-10.311
Operating Margin (MRQ)Greater than0-10.582
Quick Ratio (MRQ)Greater than113.115
Current Ratio (MRQ)Greater than113.721
Debt to Asset Ratio (MRQ)Less than10.201
Debt to Equity Ratio (MRQ)Less than10.252
Return on Equity (MRQ)Greater than0.15-0.252
Return on Assets (MRQ)Greater than0.05-0.201
Total4/10 (40.0%)

4.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.080
Ma 20Greater thanMa 500.964
Ma 50Greater thanMa 1000.890
Ma 100Greater thanMa 2000.770
OpenGreater thanClose0.990
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets277,425
Total Liabilities55,891
Total Stockholder Equity221,533
 As reported
Total Liabilities 55,891
Total Stockholder Equity+ 221,533
Total Assets = 277,425

Assets

Total Assets277,425
Total Current Assets116,148
Long-term Assets161,276
Total Current Assets
Cash And Cash Equivalents 108,177
Net Receivables 2,847
Inventory 3,166
Other Current Assets 1,958
Total Current Assets  (as reported)116,148
Total Current Assets  (calculated)116,148
+/-0
Long-term Assets
Property Plant Equipment 130,232
Goodwill 11,975
Long Term Investments 16,490
Intangible Assets 12,174
Other Assets 0
Long-term Assets  (as reported)161,276
Long-term Assets  (calculated)170,871
+/- 9,594

Liabilities & Shareholders' Equity

Total Current Liabilities8,465
Long-term Liabilities47,426
Total Stockholder Equity221,533
Total Current Liabilities
Short-term Debt 1,439
Short Long Term Debt 114
Accounts payable 4,108
Other Current Liabilities 2,846
Total Current Liabilities  (as reported)8,465
Total Current Liabilities  (calculated)8,507
+/- 42
Long-term Liabilities
Long term Debt Total 39,903
Capital Lease Obligations 5,179
Other Liabilities 3,000
Long-term Liabilities  (as reported)47,426
Long-term Liabilities  (calculated)48,082
+/- 656
Total Stockholder Equity
Common Stock338,108
Retained Earnings -138,600
Accumulated Other Comprehensive Income 22,025
Total Stockholder Equity (as reported)221,533
Total Stockholder Equity (calculated)221,533
+/-0
Other
Capital Stock338,108
Cash and Short Term Investments 108,177
Common Stock Shares Outstanding 486,616
Current Deferred Revenue72
Liabilities and Stockholders Equity 277,425
Net Debt -62,312
Net Invested Capital 261,248
Net Tangible Assets 213,883
Net Working Capital 107,683
Property Plant and Equipment Gross 139,724
Short Long Term Debt Total 45,865



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-30
> Total Assets 
3,294
2,925
33,975
25,143
24,456
51,711
202,857
302,979
277,425
277,425302,979202,85751,71124,45625,14333,9752,9253,294
   > Total Current Assets 
3,129
1,705
3,111
1,362
5,501
28,448
144,026
162,223
116,148
116,148162,223144,02628,4485,5011,3623,1111,7053,129
       Cash And Cash Equivalents 
3,112
1,666
2,415
291
4,240
26,666
136,664
142,737
108,177
108,177142,737136,66426,6664,2402912,4151,6663,112
       Short-term Investments 
0
0
0
3,090
0
0
0
7,546
0
07,5460003,090000
       Net Receivables 
17
39
377
596
478
844
2,043
2,452
2,847
2,8472,4522,0438444785963773917
       Other Current Assets 
0
0
0
0
0
152
2,538
15,161
1,958
1,95815,1612,53815200000
   > Long-term Assets 
165
1,220
30,864
23,782
18,955
23,262
58,832
140,756
161,276
161,276140,75658,83223,26218,95523,78230,8641,220165
       Property Plant Equipment 
165
1,220
12,814
11,529
6,179
10,625
38,985
111,556
130,232
130,232111,55638,98510,6256,17911,52912,8141,220165
       Goodwill 
0
0
4,420
3,341
11,932
11,964
15,951
11,975
11,975
11,97511,97515,95111,96411,9323,3414,42000
       Long Term Investments 
0
0
13,086
11,644
0
0
0
24,180
16,490
16,49024,18000011,64413,08600
       Intangible Assets 
0
0
531
353
838
657
16,582
390
12,174
12,17439016,58265783835353100
       Other Assets 
0
0
13
8
9
0
0
0
0
0000981300
> Total Liabilities 
94
212
13,885
1,924
13,409
5,995
24,681
51,846
55,891
55,89151,84624,6815,99513,4091,92413,88521294
   > Total Current Liabilities 
94
212
13,885
715
4,293
2,755
5,355
7,890
8,465
8,4657,8905,3552,7554,29371513,88521294
       Short-term Debt 
0
0
9,217
64
2,903
286
688
1,354
1,439
1,4391,3546882862,903649,21700
       Short Long Term Debt 
0
0
9,217
87
4,145
275
277
174
114
1141742772754,145879,21700
       Accounts payable 
111
45
258
244
916
582
1,824
2,652
4,108
4,1082,6521,82458291624425845111
       Other Current Liabilities 
0
167
4,410
554
407
68
2,533
3,882
2,846
2,8463,8822,533684075544,4101670
   > Long-term Liabilities 
0
0
0
1,209
9,116
3,241
19,327
43,955
47,426
47,42643,95519,3273,2419,1161,209000
       Long term Debt Total 
0
0
0
1,646
13,017
4,716
13,107
59,418
39,903
39,90359,41813,1074,71613,0171,646000
       Other Liabilities 
0
0
0
0
0
0
0
4,352
3,000
3,0004,3520000000
> Total Stockholder Equity
3,200
2,713
20,091
23,220
11,046
45,716
178,176
251,133
221,533
221,533251,133178,17645,71611,04623,22020,0912,7133,200
   Common Stock
3,849
3,949
22,208
28,035
26,727
68,610
233,197
338,012
338,108
338,108338,012233,19768,61026,72728,03522,2083,9493,849
   Retained Earnings -138,600-110,736-81,933-43,878-30,695-13,007-7,383-1,248-680
   Accumulated Other Comprehensive Income 
30
12
5,266
8,192
15,014
20,983
26,913
23,857
22,025
22,02523,85726,91320,98315,0148,1925,2661230
   Capital Surplus 000000000
   Treasury Stock000000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue5,405
Cost of Revenue-35,592
Gross Profit-30,187-30,187
 
Operating Income (+$)
Gross Profit-30,187
Operating Expense-27,005
Operating Income-57,192-57,192
 
Operating Expense (+$)
Research Development4,041
Selling General Administrative31,883
Selling And Marketing Expenses42,695
Operating Expense27,00578,620
 
Net Interest Income (+$)
Interest Income443
Interest Expense-1,887
Other Finance Cost-1,444
Net Interest Income-
 
Pretax Income (+$)
Operating Income-57,192
Net Interest Income-
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-55,728-58,656
EBIT - interestExpense = -59,079
-55,728
-53,841
Interest Expense1,887
Earnings Before Interest and Taxes (EBIT)-57,192-53,841
Earnings Before Interest and Taxes (EBITDA)-52,048
 
After tax Income (+$)
Income Before Tax-55,728
Tax Provision-0
Net Income From Continuing Ops--55,728
Net Income-55,728
Net Income Applicable To Common Shares-27,864
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses62,597
Total Other Income/Expenses Net1,4640
 

Technical Analysis of Novonix 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 Novonix Ltd. The general trend of Novonix Ltd is BULLISH with 71.4% 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 Novonix 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 (71.4%) Bearish trend (-71.4%)
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 Novonix 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: 1.18 < 1.24 < 1.39.

The bearish price targets are: 0.83 > 0.83 > 0.83.

Tweet this
Novonix 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 Novonix Ltd. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-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 lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -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

Novonix 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 Novonix Ltd. The current macd is 0.04162002.

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 Novonix 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 Novonix 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 Novonix 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
Novonix Ltd Daily Moving Average Convergence/Divergence (MACD) ChartNovonix 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 Novonix Ltd. The current adx is 31.43.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 Novonix Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Novonix 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 Novonix Ltd. The current sar is 0.92801373.

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
Novonix 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 Novonix Ltd. The current rsi is 50.08. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Novonix Ltd Daily Relative Strength Index (RSI) ChartNovonix 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 Novonix Ltd. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -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 Novonix Ltd price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Novonix Ltd Daily Stochastic Oscillator ChartNovonix 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 Novonix Ltd. The current cci is 13.49.

Novonix Ltd Daily Commodity Channel Index (CCI) ChartNovonix 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 Novonix Ltd. The current cmo is -8.10508953.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Novonix Ltd Daily Chande Momentum Oscillator (CMO) ChartNovonix 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 Novonix Ltd. The current willr is -61.42857143.

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 Novonix Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Novonix Ltd Daily Williams %R ChartNovonix 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 Novonix Ltd.

Novonix 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 Novonix Ltd. The current atr is 0.06970064.

Novonix Ltd Daily Average True Range (ATR) ChartNovonix 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 Novonix Ltd. The current obv is -175,703,170.

Novonix Ltd Daily On-Balance Volume (OBV) ChartNovonix 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 Novonix Ltd. The current mfi is 71.75.

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
Novonix Ltd Daily Money Flow Index (MFI) ChartNovonix Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Novonix 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
2023-11-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-24CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20DMI 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).
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-29CCI 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).
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-25WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-29RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
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).
2024-02-09STOCH LONG EXITThe %K line crosses below the %D 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).
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-16WILLR 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).
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-22STOCH 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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01STOCH 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).
2024-03-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-21CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-10CCI 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).
2024-04-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-15ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.

6.3. Candlestick Patterns

Novonix Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5050.080
Ma 20Greater thanMa 500.964
Ma 50Greater thanMa 1000.890
Ma 100Greater thanMa 2000.770
OpenGreater thanClose0.990
Total4/5 (80.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Novonix Ltd with someone you think should read this too:
  • Are you bullish or bearish on Novonix Ltd? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Novonix Ltd? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Novonix Ltd

I send you an email if I find something interesting about Novonix Ltd.


Comments

How you think about this?

Leave a comment

Stay informed about Novonix Ltd.

Receive notifications about Novonix Ltd in your mailbox!