| NOVA latest price $27.3600 (-0.8%) ($26.2600 - $28.1000) on Tue. Aug. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.69% (three month average) |
RSI | 74 |
Latest Price | $27.3600(-0.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.4% a day on average for past five trading days. |
Weekly Trend | NOVA advances 17.6% 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(75%) IWM(55%) IWO(55%) IFRA(52%) IWN(52%) |
Factors Impacting NOVA price | NOVA will decline at least -3.345% in a week (0% probabilities). TBT(-17%) UUP(-10%) VIXM(-6%) UNG(-2%) VXX(4%) |
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 | -3.345% (StdDev 6.69%) |
Hourly BBV | -0.5 () |
Intraday Trend | 3% |
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