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Stock Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
Novan, Inc. (NASDAQ:NOVN)
Countertrend Up (+85) - NOVN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NOVN?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOVN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOVN
The long-term trend has been UP since Jan 5th, 2023 at 1.9184
The intermediate-term trend has been UP since May 31st, 2023 at 1.2850
The short-term trend has been UP since May 31st, 2023 at 1.2100
Smart Scan Analysis for NOVN
Based on our trend formula, NOVN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.130 | 1.140 | 1.120 | 1.125 | +0.005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.130 | 101139 | 2023-06-02 15:59:35 |
| Year High | 4.52 | Year High Date | 2018-01-03 |
| Year Low | 1.79 | Year Low Date | 2018-11-28 |
| 52wk High | 3.33 | 52wk High Date | 2022-08-12 |
| 52wk Low | 0.79 | 52wk Low Date | 2022-11-14 |
| Average Volume | 132,006 | Shares Outstanding | 28,015 |
| Market Cap | 71M | Assets | 90,330,000M |
| Liabilities | 85,725,000M | P/E Ratio | -3.67600000 |
| Volatility | 68.01 |