| NOVA latest price $38.4000 (-2.83%) ($38.1000 - $39.9800) on Thu. Oct. 14, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.29% (three month average) |
RSI | 65 |
Latest Price | $38.4000(-2.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2.2% a day on average for past five trading days. |
Weekly Trend | NOVA advances 6.9% 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(59%) IWO(58%) TAN(57%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -1.645% 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 | -1.645% (StdDev 3.29%) |
Hourly BBV | -0.3 () |
Intraday Trend | -3.6% |
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