| NOVA latest price $33.2700 (3.94%) ($31.5300 - $34.4600) on Wed. Jun. 16, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.03% (three month average) |
RSI | 74 |
Latest Price | $33.2700(3.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2% a day on average for past five trading days. |
Weekly Trend | NOVA advances 6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal 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 -2.515% 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 | -2.515% (StdDev 5.03%) |
Hourly BBV | 1.6 () |
Intraday Trend | 3.7% |
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