| NOVA latest price $28.2000 (4.52%) ($27.0500 - $28.5350) on Thu. Aug. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.79% (three month average) |
RSI | 84 |
Latest Price | $28.2000(4.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.4% a day on average for past five trading days. |
Weekly Trend | NOVA advances 7.9% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Rotation from value to growth 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 -2.395% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.395% (StdDev 4.79%) |
Hourly BBV | 0 () |
Intraday Trend | 3.8% |
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