NOVAN Stock Technical Analysis

NOVNW
 Stock
  

USD 0.0004  0.0002  100.00%   

As of the 6th of July, NOVAN INC secures the Mean Deviation of 44.36, risk adjusted performance of 0.1908, and Market Risk Adjusted Performance of (1.23). Our technical analysis interface lets you check available technical drivers of NOVAN INC, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for NOVAN INC, which can be compared to its peers in the industry. Please verify NOVAN INC jensen alpha and semi variance to decide if NOVAN INC is priced favorably, providing market reflects its recent price of 4.0E-4 per share. As NOVAN INC appears to be a penny stock we also strongly suggest to check its total risk alpha numbers.
  
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NOVAN INC Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NOVAN, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NOVAN
NOVAN INC's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
NOVAN INC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of NOVAN INC technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NOVAN INC trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

NOVAN INC Technical Analysis

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NOVAN INC Trend Analysis

Use this graph to draw trend lines for NOVAN INC. You can use it to identify possible trend reversals for NOVAN INC as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NOVAN INC price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

NOVAN INC Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NOVAN INC applied against its price change over selected period. The best fit line has a slop of   -0.0015  , which may suggest that NOVAN INC market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.09, which is the sum of squared deviations for the predicted NOVAN INC price change compared to its average price change.

About NOVAN INC Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NOVAN INC on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NOVAN INC based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NOVAN INC stock first instead of the macroeconomic environment surrounding NOVAN INC. By analyzing NOVAN INC's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NOVAN INC's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NOVAN INC specific price patterns or momentum indicators. Please read more on our technical analysis page.

NOVAN INC July 6, 2022 Technical Indicators

Most technical analysis of NOVAN help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NOVAN from various momentum indicators to cycle indicators. When you analyze NOVAN charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Additionally, see Stocks Correlation. Note that the NOVAN INC information on this page should be used as a complementary analysis to other NOVAN INC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Other Tools for NOVAN Stock

When running NOVAN INC price analysis, check to measure NOVAN INC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOVAN INC is operating at the current time. Most of NOVAN INC's value examination focuses on studying past and present price action to predict the probability of NOVAN INC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NOVAN INC's price. Additionally, you may evaluate how the addition of NOVAN INC to your portfolios can decrease your overall portfolio volatility.
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