| NOVA latest price $19.2000 (6.79%) ($18.8100 - $20.4500) on Wed. Feb. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.87% (three month average) |
RSI | 42 |
Latest Price | $19.2000(6.79%) |
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 -6.2% 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%) IWO(58%) IWM(56%) ACES(55%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.435% in a week (0% probabilities). VIXM(-19%) TBT(-11%) UUP(-10%) UNG(-3%) VXX(-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 | -2.435% (StdDev 4.87%) |
Hourly BBV | 0.9 () |
Intraday Trend | -3.6% |
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