Navitas Semiconductor Corporation (NVTS)

Navitas Semiconductor Corporation is trading at $13.11, down 10.08% on the session. The 50 day average sits at $16.08 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 54.8, which reads as neutral, and MACD is bullish crossover. Volume is above average.

The nearest support is around $10.74 with resistance near $24.66, so that band frames the current range. Average daily movement is roughly $1.31, or about 10.0% of the share price, which is what any stop placement has to allow for. The overall health score of 41 out of 100 combines a trend score of 25, momentum of 78 and a risk score of 16.

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.