| NOVA latest price $28.2700 (-1.46%) ($28.0500 - $29.2800) on Wed. Jun. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.77% (three month average) |
RSI | 63 |
Latest Price | $28.2700(-1.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.3% a day on average for past five trading days. |
Weekly Trend | NOVA advances 3.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(79%) ACES(60%) TAN(59%) IWO(57%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.885% in a week (0% probabilities). VIXM(-23%) UUP(-9%) TBT(-8%) VXX(-3%) 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 | -2.885% (StdDev 5.77%) |
Hourly BBV | -1 () |
Intraday Trend | -1.7% |
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