| NOVA latest price $11.7600 (5.38%) ($11.2100 - $12.2800) on Thu. Apr. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.8% (three month average) |
RSI | 60 |
Latest Price | $11.7600(5.38%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 3.6% a day on average for past five trading days. |
Weekly Trend | NOVA declines -3% 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 NOVA advance at 0% a week (0% probability) ICLN(76%) ACES(65%) TAN(65%) IWO(58%) IBUY(54%) |
Factors Impacting NOVA price | NOVA will decline at least -4.4% in a week (0% probabilities). VIXM(-28%) UUP(-14%) VXX(-9%) TBT(-4%) UNG(-3%) |
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 | -4.4% (StdDev 8.8%) |
Hourly BBV | 0 () |
Intraday Trend | 4.9% |
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