| NOVA latest price $52.6300 (4.61%) ($51.8900 - $57.7000) on Thu. Jan. 7, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.92% (three month average) |
RSI | 76 |
Latest Price | $52.6300(4.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 3.6% a day on average for past five trading days. |
Weekly Trend | NOVA advances 5% 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(79%) ACES(64%) TAN(64%) IWO(60%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.46% in a week (0% probabilities). VIXM(-27%) UUP(-10%) TBT(-9%) VXX(-6%) 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 | -2.46% (StdDev 4.92%) |
Hourly BBV | 0 () |
Intraday Trend | -3.3% |
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