NOVAN INC (NOVN) Technical Analysis
NASDAQ:NOVN • US66988N2053
Current stock price
0.0941 USD
-0.03 (-24.84%)
At close:
0.0894 USD
0 (-4.99%)
After Hours:
NOVN Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to NOVN. NOVN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than NOVN.
- NOVN is one of the lesser performing stocks in the Pharmaceuticals industry. 90% of 191 stocks in the same industry do better.
- NOVN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month NOVN has a been trading in the 0.08 - 0.63 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NOVN has an average volume of 1389890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NOVN Weekly and Daily overview Charts
NOVN Setup Rating and Analysis
The technical rating of NOVN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NOVN Support and Resistance Analysis
NOVN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NOVN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NOVN is down. |
| ChartMill Relative Strength | 0.12 | NEGATIVE | NOVN has a low relative strength, it was outperformed by 99.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NOVN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NOVN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NOVN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.06 | OVERSOLD | The low RSI value suggests NOVN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NOVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.15 | OVERSOLD | The low Stochastics value suggests NOVN may be oversold. |
| Average True Range in percent/ATR (20) | 78.06 | HIGH VOLATILITY | The high ATR as a percentage value for NOVN suggests high volalility. |
| Average Directional Index/ADX (14) | 33.67 | POSITIVE | The high ADX value value for NOVN suggests a strong trend. |
NOVN Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NOVN Technicals: Chart, Performance Metrics, Trend & Indicators
0.0941
-0.03 (-24.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-24.84%
1 Week-44.12%
2 Weeks-83.5%
1 Month-77.43%
3 Month-92.41%
6 Month-93.51%
12 Month-96.77%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%78.06%
ATR Inc-55.87%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.12
3 months CRSN/A
6 months CRSN/A
Mansfield-9.38
10 Day High0.63
10 Day Low0.08
20 Day High0.63
20 Day Low0.08
52 Week High3.33
52 Week Low0.08
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-6.78%
DER(5)-6.23%
Volume7.19M
Volume Incr220.39%
Vol(5)5.57M
Vol(50)1.39M
NOVAN INC / NOVN TA FAQ
Can you provide the ChartMill technical rating for NOVAN INC?
ChartMill assigns a technical rating of 0 / 10 to NOVN.
What is the trend direction for NOVN stock?
The current trend direction for NOVAN INC (NOVN) is Bearish.
Can you provide the RSI signal for NOVAN INC?
NOVAN INC (NOVN) has an RSI value of 24.0627. This indicates that the stock is currently oversold.
Can you provide the MACD signal for NOVAN INC?
The MACD indicator for NOVAN INC (NOVN) has a value of -0.0191981, indicating a bearish trend.