| NOVA latest price $37.8100 (-3.42%) ($37.7900 - $39.8300) on Tue. Jun. 29, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.98% (three month average) |
RSI | 74 |
Latest Price | $37.8100(-3.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.3% a day on average for past five trading days. |
Weekly Trend | NOVA advances 8.4% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(79%) ACES(60%) TAN(58%) IWO(57%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.49% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.49% (StdDev 4.98%) |
Hourly BBV | 0.3 () |
Intraday Trend | -3% |
| |
|
|