| NOVA latest price $22.4400 (-3.32%) ($22.2100 - $24.0600) on Wed. Jun. 8, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.13% (three month average) |
RSI | 80 |
Latest Price | $22.4400(-3.32%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2.5% a day on average for past five trading days. |
Weekly Trend | NOVA advances 13.8% 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(78%) IWO(55%) IWM(54%) IWC(52%) IBUY(51%) |
Factors Impacting NOVA price | NOVA will decline at least -2.565% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.565% (StdDev 5.13%) |
Hourly BBV | -1.5 () |
Intraday Trend | -3.4% |
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