| NOVA latest price $50.9800 (3.09%) ($49.1200 - $53.2100) on Mon. Feb. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.77% (three month average) |
RSI | 53 |
Latest Price | $50.9800(3.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2.6% a day on average for past five trading days. |
Weekly Trend | NOVA declines -3.2% 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(64%) TAN(64%) IWO(60%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -2.385% in a week (0% probabilities). VIXM(-26%) UUP(-10%) TBT(-10%) 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 | -2.385% (StdDev 4.77%) |
Hourly BBV | 0.9 () |
Intraday Trend | 2.6% |
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