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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.

Open High Low NOVN Price Change
1.130 1.140 1.120 1.125 +0.005
Entry Signal

MarketClub’s Trade Triangles for NOVN

long term up The long-term trend has been UP since Jan 5th, 2023 at 1.9184

intermediate term up The intermediate-term trend has been UP since May 31st, 2023 at 1.2850

short term up 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).

Smart Scan Analysis for NOVN
Strong Downtrend Sideways 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 High4.52Year High Date2018-01-03
Year Low1.79Year Low Date2018-11-28
52wk High3.3352wk High Date2022-08-12
52wk Low0.7952wk Low Date2022-11-14
Average Volume132,006Shares Outstanding28,015
Market Cap71MAssets90,330,000M
Liabilities85,725,000MP/E Ratio-3.67600000
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