| NOVA latest price $38.3200 (1.91%) ($37.3400 - $39.1580) on Fri. Jul. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.5% (three month average) |
RSI | 70 |
Latest Price | $38.3200(1.91%) |
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 6.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(79%) ACES(60%) IWO(58%) TAN(58%) IBUY(55%) |
Factors Impacting NOVA price | NOVA will decline at least -2.25% 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 | -2.25% (StdDev 4.5%) |
Hourly BBV | 1.7 () |
Intraday Trend | 0.3% |
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