| NOVA latest price $20.5500 (1.99%) ($19.8200 - $21.0000) on Tue. Mar. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.81% (three month average) |
RSI | 59 |
Latest Price | $20.5500(1.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 6.2% a day on average for past five trading days. |
Weekly Trend | NOVA advances 1.7% a week on average for past two weeks. |
Market Behavior | Broad based 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(79%) IWO(57%) IWM(55%) ACES(54%) IBUY(53%) |
Factors Impacting NOVA price | NOVA will decline at least -2.905% in a week (0% probabilities). VIXM(-16%) TBT(-12%) 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 | -2.905% (StdDev 5.81%) |
Hourly BBV | 1 () |
Intraday Trend | 0.4% |
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