| NOVA latest price $20.9400 (6.19%) ($19.1300 - $21.0000) on Fri. Jul. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.79% (three month average) |
RSI | 62 |
Latest Price | $20.9400(6.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2% a day on average for past five trading days. |
Weekly Trend | NOVA advances 5.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(77%) ACES(65%) TAN(64%) IWO(58%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.895% in a week (0% probabilities). VIXM(-26%) UUP(-11%) TBT(-8%) VXX(-7%) DRIV(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.895% (StdDev 5.79%) |
Hourly BBV | 0 () |
Intraday Trend | 6.4% |
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