Volume could be considered as the most important technical tool. RVOL compares a stock's current volume to its previous amount over a specific period. High volume, or relatively high volume (compared to prior volume), is more suitable for active traders. Presently, Beta factor for RNVA stock stands at -0.61. The technical indicator does not lead us to believe the stock will see more gains/loss anytime soon. Its monthly volatility value of 52.00% and volatility for the week is valued at 84.39%.
Analyzing the overall image of stock during recent quarter then we found that stock performance is trading down -88.92%. The Stock has its 52-week High of $103.500 and 52-Week Low of $/ 0.360 and it touched its 52-week high on 03/13/17 and 52-Week Low on 03/01/18. Historical statistical volatility is a measure of how much the stock price fluctuated during a given time period. Analysts set a 12-month price target of $43.28 a share. Rennova Health Inc (NASDAQ:RNVA)'s price to free cash flow for trailing twelve months is 0. So, volatility evaluation is supposed to give some wisdom of how far the stock will fall if the market takes a dive and how high the stock will rise if the bull starts to climb. The stock traded within a range of $0.006 and $0.010. For example, if a stock's beta is 1.2, it's theoretically 20% more volatile than the market. If market is up, the stock should outperform by positive momentum and if the market heads lower, the stock should go down by same tendency. Although stock's historical performances are key to consider, don't invest (or not invest) based exclusively on it. Stocks with low PE can be considered good bargains as their growth potential is still unknown to the market.
When a security's Historical Volatility is rising, or higher than normal, it means prices are moving up and down further/more quickly than usual and is an indication that something is expected to change, or has already changed, regarding the underlying security (i.e. uncertainty).
While looking at the Stock's Performance, Rennova Health, Inc. now shows a Weekly Performance of 114.93%, where Monthly Performance is 22.03%, Quarterly performance is -83.64%, 6 Months performance is -99.6% and yearly performance percentage is -99.95%.
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Now we move forward to see the historical returns of Rennova Health, Inc. which is United States of America based stock. During the last month, the stock has changed 20.10% and performed 45.28% over the last 6 months. Year to Date performance value (YTD perf) value is -54.36%. The ideal time to buy a stock is usually when it is trading at a substantial discount to its target price. RNVA's insider trading patterns have some implications for where the stock might be headed.
Investors rushed to trade on Rennova Health Inc (NASDAQ: RNVA) Thursday, soon after a drastic change of -29.91% in the share price was observed and the stock become able to close its trade at $0.01. The stock closing price is now trading downward to its 50 day moving average with change of -13.00%, escalated to its 20 day moving average with figure of 112.14% and behind its 200 day moving average with value -99.30%. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors.
Tracking other technical indicators, the 14-day RSI is presently standing at 41.34, the 7-day sits at 42.34, and the 3-day is resting at 24.49 for Rennova Health Inc (RNVA). However, applying moving-average strategies in conjunction with portfolio diversification and prudent money management may reduce one's risk substantially. Rennova Health Inc (RNVA) now has a 14-day Commodity Channel Index (CCI) of -23.40.
Fluctuations within the RSI can be dramatic at times, so it is not always an accurate measure of what a stock may be doing. Likewise, when prices dropped rapidly and therefore momentum was low enough, the financial instrument would at some point be considered oversold presenting a possible buying opportunity.
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