Why Did Novonix (NVX) Soar 12.82% Pre-Market?

On July 21, 2025, Novonix (NVX) experienced a significant pre-market surge, rising by 12.82%.

Novonix's stock price has shown considerable volatility, with a 13.51% fluctuation between its high and low points on Monday. The stock gained 10.09% on the last trading day, closing at $0.600 after reaching a high of $0.630 and a low of $0.555. This upward trend has been consistent, with the stock rising in 7 of the last 10 days and increasing by 55.84% over the past two weeks.

The stock has broken through a falling short-term trend, indicating a potential shift in momentum. Technical analysis suggests that the next resistance level could be at $0.693, while support levels are at $0.526 and $0.478. The stock is currently overbought on the RSI14, but the trend break reduces the likelihood of a major correction.

Analysts recommend a cautious approach, considering the stock's high volatility and the potential for significant price movements. The recommended stop-loss is set at $0.583, reflecting the high risk associated with the stock's daily movements. For the upcoming trading day, Novonix is expected to open at $0.595 and move within a range of $0.582 to $0.618, offering a potential trading interval of +/-6.07% from the last closing price.