| NOVA latest price $50.3100 (8.83%) ($47.6600 - $52.1900) on Wed. Jan. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.91% (three month average) |
RSI | 66 |
Latest Price | $50.3100(8.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 3.8% a day on average for past five trading days. |
Weekly Trend | NOVA advances 3.8% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(79%) ACES(64%) TAN(64%) IWO(60%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.455% in a week (0% probabilities). VIXM(-27%) UUP(-10%) TBT(-9%) VXX(-6%) UNG(-1%) |
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 | -2.455% (StdDev 4.91%) |
Hourly BBV | 0 () |
Intraday Trend | 0.6% |
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