| NOVA latest price $30.1100 (-0.99%) ($29.6700 - $31.2600) on Thu. Oct. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.93% (three month average) |
RSI | 78 |
Latest Price | $30.1100(-0.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 3.4% a day on average for past five trading days. |
Weekly Trend | NOVA advances 6.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(78%) ACES(65%) TAN(65%) IWO(59%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -1.965% in a week (0% probabilities). VIXM(-26%) UUP(-11%) TBT(-8%) VXX(-7%) DRIV(-7%) |
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 | -1.965% (StdDev 3.93%) |
Hourly BBV | 0 () |
Intraday Trend | -1.9% |
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