Most Active Stock of Tuesday: Rennova Health, Inc. (RNVA)


Rennova Health, Inc. (RNVA) deteriorated -11.93% to strike $0.01 in the Tuesday trading session. The stock’s quarterly performance specifies a shift of -83.64% and its performance is stands at -99.95% for last twelve month while moved -99.60% for the past six months. 39.36 million shares changed at hands on last trading day versus to an average trading volume of 23.95 million shares in last 3 months. The relative volume of the stock is 1.69. Relative volume is an indicator that tells traders and investors how recent volume is compared to past trading volumes over a given period. This is something that investor look for in all the stocks in which investor is trading and this is an important indicator to keep tabs on.

Relative Strength Index (RSI) Analysis:

Relative strength index (RSI-14) for RNVA is observed at 53.70. Traditionally, RSI readings greater than the 70 level are considered to be in overbought territory, and RSI readings lower than the 30 level are considered to be in oversold territory. In between the 30 and 70 level is considered neutral, with the 50 level a sign of no trend. The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength. Tops and bottoms are indicated when RSI goes above 70 or drops below 30.

Volatility Observation:

The stock price weekly volatility remained at 71.38% while volatility is standing at 52.59% for the month. Volatility refers to the amount of uncertainty or risk about the size of changes in a security’s value. A higher volatility means that a security’s value can potentially be spread out over a larger range of values. This means that the price of the security can change dramatically over a short time period in either direction. A lower volatility means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time. Commonly, the higher the volatility, the riskier the security. Beta which measures volatility and risk, is standing at -0.61.


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