| NOVA latest price $23.7500 (6.5%) ($23.1400 - $24.7499) on Mon. Jul. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.57% (three month average) |
RSI | 82 |
Latest Price | $23.7500(6.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2.8% a day on average for past five trading days. |
Weekly Trend | NOVA advances 8.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(59%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.785% in a week (0% probabilities). VIXM(-26%) UUP(-11%) TBT(-8%) VXX(-7%) IGOV(-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 | -2.785% (StdDev 5.57%) |
Hourly BBV | 0 () |
Intraday Trend | 2.3% |
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