| NOVA latest price $37.1800 (0.81%) ($36.7400 - $37.9100) on Thu. Sep. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.48% (three month average) |
RSI | 64 |
Latest Price | $37.1800(0.81%) |
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 5.8% 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(59%) IWO(58%) TAN(57%) IBUY(56%) |
Factors Impacting NOVA price | NOVA will decline at least -1.74% in a week (0% probabilities). VIXM(-23%) UUP(-10%) TBT(-9%) IGOV(-8%) VXX(-3%) |
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 | -1.74% (StdDev 3.48%) |
Hourly BBV | 0.1 () |
Intraday Trend | -0.7% |
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