| NOVA latest price $33.2000 (3.98%) ($32.2500 - $35.9500) on Fri. Nov. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.71% (three month average) |
RSI | 56 |
Latest Price | $33.2000(3.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 6.6% a day on average for past five trading days. |
Weekly Trend | NOVA advances 3.6% a week on average for past two weeks. |
Market Behavior | Normal 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(60%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -2.355% in a week (0% probabilities). VIXM(-26%) UUP(-11%) TBT(-9%) VXX(-7%) IGOV(-3%) |
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 | -2.355% (StdDev 4.71%) |
Hourly BBV | 0 () |
Intraday Trend | 2.6% |
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