| NVTA latest price $33.7400 (2.43%) ($32.3700 - $33.8200) on Thu. Aug. 20, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.84% (three month average) |
RSI | 65 |
Latest Price | $33.7400(2.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NVTA advances 1.8% a day on average for past five trading days. |
Weekly Trend | NVTA advances 1.4% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NVTA advance at 0% a week (0% probability) ARKG(84%) ARKK(84%) IPO(73%) XBI(71%) IBUY(68%) |
Factors Impacting NVTA price | NVTA will decline at least -3.42% in a week (0% probabilities). VXX(-33%) VIXM(-33%) UUP(-16%) TBT(-9%) UNG(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.42% (StdDev 6.84%) |
Hourly BBV | 2 () |
Intraday Trend | 3.2% |
| |
|
|