| NOVA latest price $25.0400 (6.37%) ($23.3100 - $25.0500) on Tue. Aug. 25, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.83% (three month average) |
RSI | 40 |
Latest Price | $25.0400(6.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.6% a day on average for past five trading days. |
Weekly Trend | NOVA declines -6.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(77%) ACES(65%) TAN(65%) IWO(59%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.415% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.415% (StdDev 4.83%) |
Hourly BBV | 0 () |
Intraday Trend | 6.6% |
| |
|
|