| NOVA latest price $41.8000 (2.05%) ($39.9400 - $42.4600) on Thu. Dec. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.86% (three month average) |
RSI | 40 |
Latest Price | $41.8000(2.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.2% a day on average for past five trading days. |
Weekly Trend | NOVA advances 0.5% a week on average for past two weeks. |
Market Behavior | Broad based 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(79%) ACES(65%) TAN(65%) IWO(60%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.43% in a week (0% probabilities). VIXM(-27%) UUP(-10%) TBT(-9%) VXX(-6%) IGOV(-6%) |
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 | -2.43% (StdDev 4.86%) |
Hourly BBV | 0 () |
Intraday Trend | 0.1% |
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