| NOVA latest price $50.2500 (-3.01%) ($48.1500 - $53.2521) on Tue. Jan. 12, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.87% (three month average) |
RSI | 61 |
Latest Price | $50.2500(-3.01%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.6% a day on average for past five trading days. |
Weekly Trend | NOVA advances 6.6% 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(79%) ACES(64%) TAN(64%) IWO(60%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.435% 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 | -2.435% (StdDev 4.87%) |
Hourly BBV | 0 () |
Intraday Trend | -2.4% |
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