NVTS: Big base breakout

5/21/2026 - Navitas Semiconductor Corp. (NVTS), a mid-cap semiconductor stock, has broken higher from a late-2021 into mid-2026 big base pattern. The near-term setup remains bullish above the 22 area, while the larger breakout structure stays intact above key support at 17.79-17.50. This breakout projects upside potential toward 33-34, based on the 161.8% extension of the April-October 2025 rally projected from the November 2025 low, as well as the larger base-count objective. Beyond that, the size and duration of the base pattern suggest that 42 remains achievable over time, particularly if NVTS continues to hold above the 22 level.

Relative strength versus the S&P 500 has also turned constructive, with NVTS breaking out from an early-2022 into mid-2026 big basing pattern. This relative breakout confirms the bullish absolute-price breakout highlighted above.

The stock’s volume advance-decline indicator (VAD) remains bullish and is now breaking out as well, reinforcing and confirming the strength of the absolute-price breakout.

Chart 1: Navitas Semiconductor Corp. (NVTS) (top), relative to the S&P 500 (center), and volume advance decline (bottom): Weekly chart

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