| NOVA latest price $22.7600 (6.45%) ($22.5670 - $24.3500) on Mon. Jun. 6, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.69% (three month average) |
RSI | 86 |
Latest Price | $22.7600(6.45%) |
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 12.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(78%) IWO(55%) IWM(54%) IWC(52%) IBUY(51%) |
Factors Impacting NOVA price | NOVA will decline at least -2.845% in a week (0% probabilities). TBT(-16%) VIXM(-13%) UUP(-11%) UNG(-4%) VXX(2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.845% (StdDev 5.69%) |
Hourly BBV | 1 () |
Intraday Trend | -5.9% |
| |
|
|