| NOVA latest price $18.7000 (0.86%) ($18.6200 - $19.5600) on Tue. Nov. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.56% (three month average) |
RSI | 52 |
Latest Price | $18.7000(0.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.9% a day on average for past five trading days. |
Weekly Trend | NOVA advances 2.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(75%) IWM(56%) IWO(56%) IBUY(54%) IWN(54%) |
Factors Impacting NOVA price | NOVA will decline at least -2.28% in a week (0% probabilities). TBT(-19%) UUP(-4%) URA(-3%) XLP(-2%) UNG(-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 | -2.28% (StdDev 4.56%) |
Hourly BBV | 0.6 () |
Intraday Trend | -3.3% |
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