| NOVA latest price $36.7200 (3.29%) ($36.1000 - $38.2500) on Thu. Jul. 29, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.2% (three month average) |
RSI | 50 |
Latest Price | $36.7200(3.29%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 0.7% a day on average for past five trading days. |
Weekly Trend | NOVA declines -1.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally 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 -2.1% in a week (0% probabilities). VIXM(-23%) UUP(-10%) TBT(-8%) VXX(-3%) 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 | -2.1% (StdDev 4.2%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.9% |
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