| NOVA latest price $14.8700 (-4.13%) ($14.3300 - $15.8800) on Wed. Apr. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.95% (three month average) |
RSI | 52 |
Latest Price | $14.8700(-4.13%) |
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 6.2% a week on average for past two weeks. |
Market Behavior | Normal 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(76%) ICLN(71%) IWM(54%) IWO(53%) XLRE(53%) |
Factors Impacting NOVA price | NOVA will decline at least -2.475% in a week (0% probabilities). VIXM(-42%) VXX(-40%) TBT(-30%) UUP(-19%) EDOC(-9%) |
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 | -2.475% (StdDev 4.95%) |
Hourly BBV | -1.3 () |
Intraday Trend | -3.4% |
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