| NOVA latest price $32.3700 (-2.71%) ($32.1700 - $34.7800) on Thu. Nov. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.72% (three month average) |
RSI | 66 |
Latest Price | $32.3700(-2.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.3% a day on average for past five trading days. |
Weekly Trend | NOVA advances 12% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(79%) ACES(65%) TAN(65%) IWO(60%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -2.36% in a week (0% probabilities). VIXM(-27%) UUP(-11%) TBT(-9%) VXX(-7%) IGOV(-3%) |
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 | -2.36% (StdDev 4.72%) |
Hourly BBV | 0 () |
Intraday Trend | -4.2% |
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