Should you buy calls on NVTS

**Based on the current analysis, it is not recommended to buy calls on NVTS (Navitas Semiconductor) stock**. Here's why: 1. **Technical Indicators Suggest Caution**: The MACD is negative, and the RSI is below 50, indicating that the stock may be oversold. However, the KDJ is also negative, which could suggest further downside risk. |Ticker|Name|MACD|KDJ|RSI|Date|code|market_code| |---|---|---|---|---|---|---|---| |NVTS.O|Navitas||-6.9737|31.3166|20240729|NVTS|185| |NVTS.O|Navitas|-0.1659|||20240730|NVTS|185| 2. **Short-term Trend Forecast**: The short-term trend forecast is not available, which makes it difficult to predict the exact direction of the stock price in the next few days. |Ticker|Name|Short-term Trend Forecast|Date|code|market_code| |---|---|---|---|---|---| |NVTS.O|Navitas||20240730|NVTS|185| 3. **Moving Averages**: The stock is currently trading below both the 5-day and 10-day moving averages, which is a bearish signal. |Ticker|Name|5-Day Moving Average|10-Day Moving Average|Date|code|market_code| |---|---|---|---|---|---|---| |NVTS.O|Navitas|3.8460|4.0300|20240730|NVTS|185| 4. **Bollinger Bands**: The stock is closer to the lower Bollinger Band than the upper one, indicating that the stock may have more room to fall before hitting resistance. |Ticker|Name|Boll(Upper Value)|Boll(Mid Value)|Boll(Lower Value)|Date|code|market_code| |---|---|---|---|---|---|---|---| |NVTS.O|Navitas|4.9137|4.2455|3.5773|20240729|NVTS|185| 5. **Analyst Sentiment**: The average price target from analysts is significantly higher than the current price, at $8.14, which suggests that analysts believe the stock has potential to grow. 6. **Forecast Price**: The forecast price for NVTS over the next 20 trading days is expected to be volatile, with prices ranging from $3.57 to $3.91. This volatility suggests that it is risky to buy calls without a clear bullish trend. |Ticker|Name|Forecast Price|Date|code|market_code| |---|---|---|---|---|---| |NVTS.O|Navitas|3.8626249|20240730|NVTS|185| |NVTS.O|Navitas|3.85749457|20240731|NVTS|185| |NVTS.O|Navitas|3.8422439|20240801|NVTS|185| |NVTS.O|Navitas|3.80470604|20240802|NVTS|185| |NVTS.O|Navitas|3.79600331|20240805|NVTS|185| |NVTS.O|Navitas|3.84285436|20240806|NVTS|185| |NVTS.O|Navitas|3.80571214|20240807|NVTS|185| |NVTS.O|Navitas|3.76636263|20240808|NVTS|185| |NVTS.O|Navitas|3.91206748|20240809|NVTS|185| |NVTS.O|Navitas|3.87111464|20240812|NVTS|185| 7. **Investor Sentiment**: Investor sentiment towards NVTS is very negative, which could lead to further selling pressure. 8. **Short Interest**: The short interest in NVTS has increased recently, which could indicate that investors are bearish on the stock. |Ticker|Name|Interest Expenses on Short-term Debt|Date|code|market_code| |---|---|---|---|---|---| |NVTS.O|Navitas||20220630|NVTS|185| |NVTS.O|Navitas||20220930|NVTS|185| |NVTS.O|Navitas||20221231|NVTS|185| |NVTS.O|Navitas||20230331|NVTS|185| |NVTS.O|Navitas||20230630|NVTS|185| |NVTS.O|Navitas||20230930|NVTS|185| |NVTS.O|Navitas||20231231|NVTS|185| |NVTS.O|Navitas||20240331|NVTS|185| In conclusion, while the analyst price target and forecast price suggest potential upside, the current technical indicators and investor sentiment suggest caution. It is advisable to wait for a more conclusive bullish signal before considering buying calls on NVTS stock.