| NOVA latest price $29.3800 (4.7%) ($27.5600 - $29.4000) on Fri. Aug. 12, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.53% (three month average) |
RSI | 79 |
Latest Price | $29.3800(4.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.3% a day on average for past five trading days. |
Weekly Trend | NOVA advances 13.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(75%) IWM(55%) IWO(55%) IWN(53%) IFRA(52%) |
Factors Impacting NOVA price | NOVA will decline at least -3.265% in a week (0% probabilities). TBT(-19%) UUP(-11%) VIXM(-5%) UNG(-1%) 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 | -3.265% (StdDev 6.53%) |
Hourly BBV | 0.7 () |
Intraday Trend | 3.5% |
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