| NOVA latest price $53.8900 (-0.42%) ($51.5000 - $54.2700) on Fri. Jan. 22, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.65% (three month average) |
RSI | 73 |
Latest Price | $53.8900(-0.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.7% a day on average for past five trading days. |
Weekly Trend | NOVA advances 3% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off 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(64%) TAN(64%) IWO(60%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -2.325% in a week (0% probabilities). VIXM(-27%) UUP(-10%) TBT(-9%) VXX(-6%) UNG(-2%) |
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 | -2.325% (StdDev 4.65%) |
Hourly BBV | 1.4 () |
Intraday Trend | 3% |
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