| NOVA latest price $12.8700 (-3.16%) ($12.7600 - $13.7700) on Mon. Aug. 28, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.01% (three month average) |
RSI | 34 |
Latest Price | $12.8700(-3.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.2% a day on average for past five trading days. |
Weekly Trend | NOVA declines -9.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) SMH(83%) TAN(81%) ICLN(75%) ACES(70%) XLRE(69%) |
Factors Impacting NOVA price | NOVA will decline at least -2.005% in a week (0% probabilities). VIXM(-52%) TBT(-42%) VXX(-41%) USO(-12%) UUP(-8%) |
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 | -2.005% (StdDev 4.01%) |
Hourly BBV | -0.8 () |
Intraday Trend | -5.1% |
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