| NOVA latest price $18.5900 (3.05%) ($17.6800 - $19.0000) on Mon. Apr. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.96% (three month average) |
RSI | 68 |
Latest Price | $18.5900(3.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2.4% a day on average for past five trading days. |
Weekly Trend | NOVA advances 6.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) TAN(75%) ICLN(70%) IWM(52%) IWN(51%) IWO(51%) |
Factors Impacting NOVA price | NOVA will decline at least -2.48% in a week (0% probabilities). VIXM(-43%) VXX(-41%) TBT(-33%) UUP(-22%) BNDX(0%) |
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 | -2.48% (StdDev 4.96%) |
Hourly BBV | 0.8 () |
Intraday Trend | 3.3% |
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