| NOVA latest price $23.0300 (19.7%) ($20.8200 - $24.8200) on Thu. Nov. 10, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.25% (three month average) |
RSI | 76 |
Latest Price | $23.0300(19.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 3.8% a day on average for past five trading days. |
Weekly Trend | NOVA advances 7.8% 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(76%) IWM(57%) IWO(57%) IWN(55%) IBUY(54%) |
Factors Impacting NOVA price | NOVA will decline at least -2.625% in a week (0% probabilities). TBT(-17%) UUP(-4%) UNG(-4%) URA(-2%) XLP(-1%) |
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 | -2.625% (StdDev 5.25%) |
Hourly BBV | 1.9 () |
Intraday Trend | 9% |
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