| NOVA latest price $27.7300 (0.25%) ($27.1800 - $28.7300) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.89% (three month average) |
RSI | 94 |
Latest Price | $27.7300(0.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2% a day on average for past five trading days. |
Weekly Trend | NOVA advances 12.1% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(77%) ACES(65%) TAN(65%) IWO(59%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.445% in a week (0% probabilities). VIXM(-26%) UUP(-11%) TBT(-8%) VXX(-7%) IGOV(-6%) |
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 | -2.445% (StdDev 4.89%) |
Hourly BBV | 0 () |
Intraday Trend | 1.8% |
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