| NVTA latest price $56.9300 (1.92%) ($56.7650 - $60.2500) on Wed. Jan. 20, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.8% (three month average) |
RSI | 71 |
Latest Price | $56.9300(1.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NVTA advances 3.6% a day on average for past five trading days. |
Weekly Trend | NVTA advances 11.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support NVTA advance at 0% a week (0% probability) ARKG(85%) ARKK(85%) IPO(75%) XBI(75%) IBB(71%) |
Factors Impacting NVTA price | NVTA will decline at least -2.4% in a week (0% probabilities). VIXM(-40%) VXX(-36%) UUP(-18%) TBT(-6%) USO(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.4% (StdDev 4.8%) |
Hourly BBV | 0.8 () |
Intraday Trend | -0.1% |
| |
|
|