| NOVA latest price $16.2000 (4.05%) ($14.8300 - $16.4600) on Mon. Aug. 14, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.05% (three month average) |
RSI | 22 |
Latest Price | $16.2000(4.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.6% a day on average for past five trading days. |
Weekly Trend | NOVA declines -8.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(81%) ICLN(76%) ACES(69%) XLRE(68%) IWN(63%) |
Factors Impacting NOVA price | NOVA will decline at least -2.025% in a week (0% probabilities). VIXM(-53%) VXX(-44%) TBT(-43%) EDOC(-16%) UUP(-7%) |
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 | -2.025% (StdDev 4.05%) |
Hourly BBV | 0.9 () |
Intraday Trend | 5.7% |
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