| NOVA latest price $32.1900 (1.55%) ($30.2200 - $32.7800) on Wed. Oct. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.19% (three month average) |
RSI | 39 |
Latest Price | $32.1900(1.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.2% 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 | Growth stock rally for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(79%) ACES(59%) IWO(58%) TAN(57%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -1.595% in a week (0% probabilities). VIXM(-23%) UUP(-10%) TBT(-9%) VXX(-3%) 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 | -1.595% (StdDev 3.19%) |
Hourly BBV | 1.2 () |
Intraday Trend | 3.8% |
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