NOVAN INC Technical Analysis (NASDAQ:NOVN)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The NOVAN INC stock price data and volume are plotted in NOVN stock charts and these trading charts form the basis of technical analysis.
See NOVAN INC bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of NOVAN INC stock analysis.
NOVAN INC Moving Average
Moving averages help predict the price direction of NOVN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for NOVAN INC are mostly signals of long term trends and will help long term traders.
NOVAN INC Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like NOVAN INC. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of NOVAN INC bollinger bands.
NOVAN INC Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The NOVAN INC MACD indicator can be used to identify bullish and bearish trends for the stock.
NOVAN INC Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of NOVN stock is 36.76.