| NOVA latest price $22.9100 (9.04%) ($21.0200 - $23.2700) on Mon. Jul. 17, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.59% (three month average) |
RSI | 67 |
Latest Price | $22.9100(9.04%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 4% a day on average for past five trading days. |
Weekly Trend | NOVA advances 8.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) TAN(81%) ICLN(77%) ACES(72%) IWM(65%) IWN(65%) |
Factors Impacting NOVA price | NOVA will decline at least -2.295% in a week (0% probabilities). VIXM(-49%) VXX(-45%) TBT(-41%) UUP(-24%) USO(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.295% (StdDev 4.59%) |
Hourly BBV | 2.2 () |
Intraday Trend | 7.5% |
| |
|
|