| NOVA latest price $18.7000 (-1.63%) ($18.2300 - $19.2600) on Tue. Mar. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.3% (three month average) |
RSI | 57 |
Latest Price | $18.7000(-1.63%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1% a day on average for past five trading days. |
Weekly Trend | NOVA advances 1.5% 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) TAN(77%) ICLN(72%) IWM(54%) IWO(53%) IWD(52%) |
Factors Impacting NOVA price | NOVA will decline at least -2.15% in a week (0% probabilities). VIXM(-42%) TBT(-21%) UUP(-16%) VXX(-9%) BNDX(-7%) |
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 | -2.15% (StdDev 4.3%) |
Hourly BBV | 0 () |
Intraday Trend | -1.3% |
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