| NOVA latest price $18.1500 (14.66%) ($15.5100 - $18.2400) on Thu. Apr. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5% (three month average) |
RSI | 71 |
Latest Price | $18.1500(14.66%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2% a day on average for past five trading days. |
Weekly Trend | NOVA advances 4.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) TAN(75%) ICLN(70%) IWM(53%) IWN(52%) IWO(52%) |
Factors Impacting NOVA price | NOVA will decline at least -2.5% in a week (0% probabilities). VIXM(-44%) VXX(-41%) TBT(-33%) UUP(-23%) EDOC(-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 | -2.5% (StdDev 5%) |
Hourly BBV | 2.1 () |
Intraday Trend | 17% |
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