| NOVA latest price $52.3600 (-0.51%) ($51.4000 - $54.9900) on Fri. Jan. 8, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.89% (three month average) |
RSI | 74 |
Latest Price | $52.3600(-0.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 3% a day on average for past five trading days. |
Weekly Trend | NOVA advances 5.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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 -2.445% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.445% (StdDev 4.89%) |
Hourly BBV | 0 () |
Intraday Trend | -2.1% |
| |
|
|