Let's check out the charts and indicators of this manufacturer of specialty chemicals.
In the daily bar chart of NGVT, below, we can see that the shares were in a decline from last July to late March. Prices have recovered from the March low and now things are looking up. NGVT is trading above the rising 50-day moving average line and the declining 200-day moving average line is only a few dollars above the market.
The trading volume was heavy from February to April suggesting a change in ownership from weak hands to strong hands. The On-Balance-Volume (OBV) line has been rising from March and tells us that buyers of NGVT have been more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator is turning up from the zero line for a fresh buy signal.