Checking on Key Pivot Levels for Novan, Inc. (:NOVN): Woodie Pivot at 1.1975

Doing the proper research can go a long way when preparing to enter the stock market. Professional investors typically make sure that all the necessary research is completed when making crucial decisions. Of course, all the research in the world cannot guarantee success in the markets, but it can help to keep the investor one step ahead of the class. Understanding how the stock market functions can help the investor gain the confidence to start conquering the terrain. Building confidence in investing decisions can play a big part in the future success of the individual’s portfolio.

Traders use pivot point analysis to help determine key levels where a stock price may react. Tracking these turn around levels may help the trader while attempting stock analysis. Looking at some current one month pivots for Novan, Inc. (:NOVN), we note that the Fibonacci pivot is 1.2166667 while the Fibonacci support 1 pivot is 1.1670066, and the Fibonacci support 2 is 1.1363267. Checking on the one month Woodie pivot, we note the level at 1.1975. The Woodie support 1 pivot is 1.135, and the Woodie resistance 1 pivot is 1.265.

Following recent trading activity, we note that Novan, Inc. (:NOVN) has seen a move of -5.5555553% since the open. The prior close was 1.19 and the one month high price is currently 1.32. 

Shifting the technical focus to Keltner Channels, we see that the 20 day upper envelope is 1.3426825. The 20 day lower envelope is currently 1.2036324. Traders may be watching for a breakthrough of the higher or lower Keltner bands.

After a recent check, we see that the Bull Bear Power reading is -0.100908265. Moving to some volatility readings, we see that the current value is 4.4955754. Looking out for the week, volatility is 6.8730154. For the previous month, volatility is at 6.09727. Investors often track volatility across sectors to compare with the overall volatility in the market.

A good way for investors to understand stock price movements is to look at how it has performed at various intervals in the past. Tracking shares of Novan, Inc. (:NOVN), we see that the most recent close price was 1.19
Year-to-date: 39.759037
Prior week: 6.705915
Prior month: -5.6910567
Last 6 months:-59.86159
Last 3 months: -22.666666

Investors might be looking around every corner when analyzing shares of Novan, Inc. (:NOVN). Many investors will closely track a stock when it nears a major historical high or low point. Let’s take a quick peek at some major historical highs and lows for the stock:

All time high: 30.8989
All time low: 0.652
52 week high: 3.4694
52 week low: 0.652
6 month high: 3.2399
6 month low: 0.652
3 month high: 1.83
3 month low: 0.652
One month high: 1.32
One month low: 1.001

Traders using technical analysis may be employing moving average indicators to assist with gauging a certain market move or to indicate its strength. Many traders will rely on the EMA or Exponential Moving Average to accomplish this. Checking on some recent levels we can see that the 10 day EMA is 1.2273911, the 20 day is 1.2731575, and the 30 day is 1.3017912. Pulling back a bit, we note that the 100 day EMA is 1.6694418, the 50 day is 1.3891039, and the 200 day EMA is 2.1033554.

There are plenty of various strategies to employ when deciding which stocks to buy. These different strategies may be super simple or highly complex. Although there is no one plan that will magically create instant profits, having a plan in place will most likely benefit the investor immensely. One way to examine shares is by following fundamental data. Essentially, fundamental study involves viewing the health of a particular company by studying company financials. Many investors will closely study the balance sheet to see how profitable the company has been and try to figure out future performance. Investors may choose to compare companies that share the same sector in order to get a truer sense of how it stacks up to the competition.