| NOVA latest price $18.0100 (-5.06%) ($17.5100 - $18.9700) on Fri. May. 6, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.68% (three month average) |
RSI | 46 |
Latest Price | $18.0100(-5.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.8% a day on average for past five trading days. |
Weekly Trend | NOVA advances 3.2% a week on average for past two weeks. |
Market Behavior | Growth stock 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(78%) IWO(58%) IWM(56%) DRIV(53%) IBUY(53%) |
Factors Impacting NOVA price | NOVA will decline at least -2.84% in a week (0% probabilities). VIXM(-17%) TBT(-13%) UUP(-12%) UNG(-2%) 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 | -2.84% (StdDev 5.68%) |
Hourly BBV | -1.4 () |
Intraday Trend | -4.8% |
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