Navitas Semiconductor Corporation (NVTS)

Navitas Semiconductor Corporation is trading at $8.49, down 7.31% on the session. The 50 day average sits at $11.86 and the 200 day at $13.35, which puts the stock in a downtrend. RSI is at 27.5, which reads as oversold, and MACD is bearish crossover. Volume is average.

The nearest support is around $8.28 with resistance near $12.52, so that band frames the current range. Average daily movement is roughly $0.83, or about 9.8% of the share price, which is what any stop placement has to allow for. The overall health score of 21 out of 100 combines a trend score of 0, momentum of 28 and a risk score of 46.

Navitas Semiconductor Corporation designs, develops, and markets power semiconductors in the United States, Europe, China, rest of Asia, and internationally. The company offers gallium nitride power integrated circuits, silicon carbide power devices, silicon system controllers, and digital isolators for power conversion and charging. Its products are used in automotive, data center, mobile, consumer electronics markets, and various other applications. The company was founded in 2014 and is based in Torrance, California.