Stock Backsliding Pre-Bell, Gapping Down: Rennova Health, Inc. (:RNVA)

Rennova Health, Inc. (:RNVA) is moving lower ahead of the market open as the stock is gapping down -2.14%.  A recent bid puts the equity at $0.36.

Investors are always trying to get an advantage in the equity market. Everyone wants to find that next great stock pick that provides a solid boost to the portfolio. Investors often identify risk preference when trying to sort out asset allocation. In general, a higher amount of risk may offer a greater potential for growth. Many investors may struggle with the concept of leaving emotion out of picking stocks. Equity research may involve a high degree of patience, determination, and lots of homework. Learning everything possible about the markets can help the individual investor better navigate the waters. As the old saying goes, knowledge is power. Being able to filter through the data to determine what is relevant information may assist the investor with making those tough investment decisions.

A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between.  Gaps are created by numerous factors.  Poor earnings, bad news, organizational changes and/or market influences can cause a stock’s price to decrease suddenly. 

Performance

Rennova Health, Inc. (:RNVA)’s performance this year to date is -85.33%.  The stock has performed -8.68% over the last seven days, -6.09% over the last thirty, and -63.83% over the last three months.  Over the last six months, Rennova Health, Inc.’s stock has been -87.18% and -95.90% for the year.

SIMPLE MOVING AVERAGE

The simple moving average is the most common method used to calculate the moving average of prices.  It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation.  Rennova Health, Inc.’s 20-Day Simple Moving Average is -3.79%.  Extending back, their 50-Day Simple Moving Average is -22.22%, looking even further back, their 200-Day Simple Moving Average stands at -83.42%.  

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