| NOVA latest price $38.2100 (9.86%) ($35.3200 - $38.5600) on Mon. Nov. 23, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.7% (three month average) |
RSI | 74 |
Latest Price | $38.2100(9.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2.4% a day on average for past five trading days. |
Weekly Trend | NOVA advances 5.7% a week on average for past two weeks. |
Market Behavior | Value stock 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(65%) IWO(60%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.35% in a week (0% probabilities). VIXM(-27%) UUP(-10%) TBT(-9%) VXX(-6%) EDOC(-4%) |
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 | -2.35% (StdDev 4.7%) |
Hourly BBV | 0 () |
Intraday Trend | 8.2% |
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