| NOVA latest price $23.4200 (0.6%) ($22.5500 - $23.7000) on Wed. Nov. 16, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.05% (three month average) |
RSI | 67 |
Latest Price | $23.4200(0.6%) |
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 12.7% 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(76%) IWM(58%) IWO(58%) IWN(56%) IWD(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.525% in a week (0% probabilities). TBT(-17%) UUP(-7%) URA(-3%) XLU(-1%) XLP(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.525% (StdDev 5.05%) |
Hourly BBV | 0.8 () |
Intraday Trend | 2.6% |
| |
|
|