| NOVA latest price $29.7800 (1.36%) ($28.1700 - $29.9250) on Mon. Aug. 15, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.31% (three month average) |
RSI | 84 |
Latest Price | $29.7800(1.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.6% a day on average for past five trading days. |
Weekly Trend | NOVA advances 12.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(75%) IWO(56%) IWM(55%) IWN(53%) IFRA(52%) |
Factors Impacting NOVA price | NOVA will decline at least -3.155% in a week (0% probabilities). TBT(-19%) UUP(-11%) VIXM(-6%) UNG(-1%) VXX(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.155% (StdDev 6.31%) |
Hourly BBV | 1.9 () |
Intraday Trend | 1.4% |
| |
|
|