| NOVA latest price $29.3600 (4.78%) ($28.1400 - $29.5400) on Fri. Oct. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.98% (three month average) |
RSI | 67 |
Latest Price | $29.3600(4.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.6% a day on average for past five trading days. |
Weekly Trend | NOVA advances 4.6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(78%) ACES(65%) TAN(65%) IWO(59%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -1.99% in a week (0% probabilities). VIXM(-26%) UUP(-11%) TBT(-8%) VXX(-7%) DRIV(-7%) |
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 | -1.99% (StdDev 3.98%) |
Hourly BBV | 0 () |
Intraday Trend | 4.3% |
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