| NOVA latest price $42.5100 (-0.84%) ($40.4600 - $43.3500) on Fri. Mar. 12, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.7% (three month average) |
RSI | 53 |
Latest Price | $42.5100(-0.84%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 3.1% a day on average for past five trading days. |
Weekly Trend | NOVA declines -4.6% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(80%) ACES(64%) TAN(63%) IWO(59%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -2.85% in a week (0% probabilities). VIXM(-25%) UUP(-10%) TBT(-9%) VXX(-5%) IGOV(-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 | -2.85% (StdDev 5.7%) |
Hourly BBV | 0.7 () |
Intraday Trend | 3.6% |
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