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Stock Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Novan, Inc. (NASDAQ:NOVN)

Countertrend Down (-85) - NOVN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

Open High Low NOVN Price Change
7.6000 7.6837 7.3800 7.3800 -0.2900
Entry Signal

MarketClub’s Trade Triangles for NOVN

long term down The long-term trend has been DOWN since May 25th, 2021 at 1.0300

intermediate term down The intermediate-term trend has been DOWN since Sep 13th, 2021 at 8.8333

short term up The short-term trend has been UP since Oct 20th, 2021 at 7.6900

Smart Scan Analysis for NOVN

Based on our trend formula, NOVN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for NOVN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.6000 7.6837 7.3800 7.3800 -0.2900
Prev. Close Volume Bid Ask Time
7.6700 149446 2021-10-21 15:59:25
Year High4.52Year High Date2018-01-03
Year Low1.79Year Low Date2018-11-28
52wk High25.952wk High Date2021-02-16
52wk Low4.3552wk Low Date2020-11-02
Average Volume226,803Shares Outstanding18,813
Market Cap71MAssets79,716,000M
Liabilities47,390,000MP/E Ratio-3.676
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