| NOVA latest price $18.7600 (-3.89%) ($18.7100 - $19.7500) on Fri. Jun. 16, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.08% (three month average) |
RSI | 75 |
Latest Price | $18.7600(-3.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.9% a day on average for past five trading days. |
Weekly Trend | NOVA advances 3.8% 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(79%) ICLN(75%) IWM(61%) IWN(60%) PAVE(59%) |
Factors Impacting NOVA price | NOVA will decline at least -2.54% in a week (0% probabilities). VIXM(-50%) VXX(-44%) TBT(-40%) UUP(-28%) EDOC(-26%) |
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 | -2.54% (StdDev 5.08%) |
Hourly BBV | 0.4 () |
Intraday Trend | -5.2% |
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