| NOVA latest price $29.6400 (4.22%) ($28.7704 - $29.9100) on Wed. Oct. 14, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.98% (three month average) |
RSI | 69 |
Latest Price | $29.6400(4.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.5% a day on average for past five trading days. |
Weekly Trend | NOVA advances 2.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(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(-9%) VXX(-7%) UNG(-2%) |
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 | 1.3% |
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