| NOVA latest price $43.9200 (-4.1%) ($43.6500 - $48.8400) on Mon. Dec. 28, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.02% (three month average) |
RSI | 66 |
Latest Price | $43.9200(-4.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.7% a day on average for past five trading days. |
Weekly Trend | NOVA advances 8.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(79%) ACES(64%) TAN(64%) IWO(60%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.51% in a week (0% probabilities). VIXM(-27%) UUP(-10%) TBT(-9%) VXX(-6%) UNG(-1%) |
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 | -2.51% (StdDev 5.02%) |
Hourly BBV | 0 () |
Intraday Trend | -8.5% |
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