| NOVA latest price $43.6700 (-8.87%) ($43.5010 - $48.3600) on Tue. Mar. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.89% (three month average) |
RSI | 36 |
Latest Price | $43.6700(-8.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.5% a day on average for past five trading days. |
Weekly Trend | NOVA declines -6.5% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based sell-off 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 -2.445% in a week (0% probabilities). VIXM(-26%) UUP(-10%) TBT(-10%) VXX(-6%) IGOV(-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 | -2.445% (StdDev 4.89%) |
Hourly BBV | -1.3 () |
Intraday Trend | -8.4% |
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