| NOVA latest price $28.7200 (1.45%) ($25.8300 - $28.8900) on Wed. Nov. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.51% (three month average) |
RSI | 51 |
Latest Price | $28.7200(1.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.7% a day on average for past five trading days. |
Weekly Trend | NOVA declines -4.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(78%) ACES(65%) TAN(64%) IWO(60%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -2.255% in a week (0% probabilities). VIXM(-26%) UUP(-11%) TBT(-9%) VXX(-7%) UNG(-2%) |
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 | -2.255% (StdDev 4.51%) |
Hourly BBV | 0 () |
Intraday Trend | 6.4% |
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