| NOVA latest price $46.0800 (8.81%) ($40.7600 - $46.4300) on Mon. Dec. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.95% (three month average) |
RSI | 65 |
Latest Price | $46.0800(8.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 3.6% a day on average for past five trading days. |
Weekly Trend | NOVA advances 5.1% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off 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(79%) ACES(65%) TAN(65%) IWO(60%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.475% in a week (0% probabilities). VIXM(-27%) UUP(-10%) TBT(-9%) VXX(-6%) EDOC(-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 | -2.475% (StdDev 4.95%) |
Hourly BBV | 0 () |
Intraday Trend | 11.7% |
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