| NOVA latest price $29.0600 (4.27%) ($27.9200 - $29.5000) on Thu. May. 20, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.33% (three month average) |
RSI | 35 |
Latest Price | $29.0600(4.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.7% a day on average for past five trading days. |
Weekly Trend | NOVA declines -7.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(79%) ACES(60%) TAN(59%) IWO(58%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -3.165% in a week (0% probabilities). VIXM(-25%) UUP(-9%) TBT(-8%) VXX(-4%) 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 | -3.165% (StdDev 6.33%) |
Hourly BBV | 1.6 () |
Intraday Trend | 3% |
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