| NOVA latest price $20.8200 (3.69%) ($19.9800 - $21.0400) on Thu. Feb. 2, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.04% (three month average) |
RSI | 52 |
Latest Price | $20.8200(3.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 2.8% a day on average for past five trading days. |
Weekly Trend | NOVA declines -2.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) TAN(77%) ICLN(72%) IWM(56%) IWO(55%) IWN(54%) |
Factors Impacting NOVA price | NOVA will decline at least -2.52% in a week (0% probabilities). VIXM(-43%) TBT(-23%) UUP(-17%) VXX(-9%) EDOC(-8%) |
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 | -2.52% (StdDev 5.04%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.7% |
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