| NOVA latest price $26.0200 (8.15%) ($24.2400 - $26.1100) on Mon. Nov. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.41% (three month average) |
RSI | 44 |
Latest Price | $26.0200(8.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.1% a day on average for past five trading days. |
Weekly Trend | NOVA declines -6.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(78%) ACES(65%) TAN(64%) IWO(60%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -2.205% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.205% (StdDev 4.41%) |
Hourly BBV | 0 () |
Intraday Trend | 7.3% |
| |
|
|