| NOVA latest price $42.4600 (8.4%) ($40.7200 - $43.8200) on Wed. Oct. 27, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.45% (three month average) |
RSI | 74 |
Latest Price | $42.4600(8.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.4% a day on average for past five trading days. |
Weekly Trend | NOVA advances 4.8% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth 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(79%) ACES(58%) IWO(58%) IBUY(56%) IWM(56%) |
Factors Impacting NOVA price | NOVA will decline at least -1.725% in a week (0% probabilities). VIXM(-22%) UUP(-10%) TBT(-9%) VXX(-2%) UNG(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.725% (StdDev 3.45%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2.7% |
| |
|
|