| NOVA latest price $14.7400 (1.8%) ($14.2900 - $15.3010) on Thu. May. 28, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.74% (three month average) |
RSI | 64 |
Latest Price | $14.7400(1.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1% a day on average for past five trading days. |
Weekly Trend | NOVA advances 2.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(76%) ACES(64%) TAN(64%) IWO(58%) IBUY(54%) |
Factors Impacting NOVA price | NOVA will decline at least -4.87% in a week (0% probabilities). VIXM(-27%) UUP(-12%) VXX(-8%) TBT(-7%) 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 | -4.87% (StdDev 9.74%) |
Hourly BBV | 0 () |
Intraday Trend | -1.3% |
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