| NVTA latest price $31.0600 (2.2%) ($30.2900 - $31.1500) on Thu. Sep. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.1% (three month average) |
RSI | 74 |
Latest Price | $31.0600(2.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NVTA advances 2.3% a day on average for past five trading days. |
Weekly Trend | NVTA advances 8.5% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NVTA advance at 0% a week (0% probability) ARKG(86%) ARKK(85%) XBI(79%) IPO(76%) IBB(74%) |
Factors Impacting NVTA price | NVTA will decline at least -1.55% in a week (0% probabilities). VIXM(-48%) VXX(-35%) UUP(-14%) UNG(-6%) IGOV(-5%) |
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 | -1.55% (StdDev 3.1%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.8% |
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