| NOVA latest price $22.0000 (0.73%) ($21.6750 - $22.8700) on Thu. Jul. 23, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.7% (three month average) |
RSI | 83 |
Latest Price | $22.0000(0.73%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2.2% a day on average for past five trading days. |
Weekly Trend | NOVA advances 6.7% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(77%) ACES(65%) TAN(64%) IWO(58%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.85% in a week (0% probabilities). VIXM(-26%) UUP(-11%) TBT(-8%) VXX(-7%) DRIV(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.85% (StdDev 5.7%) |
Hourly BBV | 0 () |
Intraday Trend | 0.7% |
| |
|
|