| NOVA latest price $49.8100 (-7.57%) ($48.8000 - $55.1800) on Mon. Jan. 25, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.78% (three month average) |
RSI | 64 |
Latest Price | $49.8100(-7.57%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.9% a day on average for past five trading days. |
Weekly Trend | NOVA advances 2.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(80%) ACES(64%) TAN(64%) IWO(60%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -2.39% 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 | -2.39% (StdDev 4.78%) |
Hourly BBV | -1.7 () |
Intraday Trend | -7.6% |
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