| NOVA latest price $45.0000 (5.73%) ($42.6650 - $45.3100) on Fri. Nov. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.76% (three month average) |
RSI | 72 |
Latest Price | $45.0000(5.73%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 7% a day on average for past five trading days. |
Weekly Trend | NOVA advances 12.1% 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(78%) ACES(65%) TAN(65%) IWO(60%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.38% in a week (0% probabilities). VIXM(-27%) UUP(-10%) TBT(-9%) VXX(-6%) EDOC(-4%) |
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 | -2.38% (StdDev 4.76%) |
Hourly BBV | 0 () |
Intraday Trend | 4.2% |
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