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Is NOVT likely to continue higher? Bullish Engulfing shows up after rising 1.97%

Novanta Inc. (NOVT) — SwingTradeBot Technical Analysis Report · Jul 16, 2026, 17:40 ET
NOVT closed up 1.97% on Thursday, July 16th, with volume running 0.2× below average. Mixed technical signals appeared with Bullish Engulfing suggesting upside potential, while Slingshot Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 147.14, 144.55 & 143.19, with resistance at 151.09, 152.45 & 155.04.

Current SwingTradeBot Technical Rating of NOVT: C

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Novanta Inc. (NOVT)