| NOVA latest price $29.0500 (4.46%) ($27.0000 - $29.1300) on Wed. Sep. 14, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.08% (three month average) |
RSI | 65 |
Latest Price | $29.0500(4.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1% 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 | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(75%) IWM(55%) IWO(55%) IFRA(53%) IWN(53%) |
Factors Impacting NOVA price | NOVA will decline at least -3.04% in a week (0% probabilities). TBT(-20%) UUP(-9%) VIXM(-3%) UNG(-0%) VXX(5%) |
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 | -3.04% (StdDev 6.08%) |
Hourly BBV | 1.9 () |
Intraday Trend | 5.5% |
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