| NOVA latest price $21.4500 (-5.42%) ($20.8300 - $22.1600) on Fri. Dec. 16, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.15% (three month average) |
RSI | 46 |
Latest Price | $21.4500(-5.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.1% a day on average for past five trading days. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) ICLN(74%) IWM(57%) IWO(57%) IBUY(54%) IWN(54%) |
Factors Impacting NOVA price | NOVA will decline at least -2.575% in a week (0% probabilities). XLU(-12%) URA(-12%) XLP(-11%) XAR(-11%) TBT(-11%) |
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 | -2.575% (StdDev 5.15%) |
Hourly BBV | -1.3 () |
Intraday Trend | -2.8% |
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