| NOVA latest price $17.7800 (2.36%) ($17.1500 - $18.1680) on Tue. Feb. 28, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.34% (three month average) |
RSI | 43 |
Latest Price | $17.7800(2.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1% a day on average for past five trading days. |
Weekly Trend | NOVA declines -1.6% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support NOVA advance at 0% a week (0% probability) TAN(77%) ICLN(72%) IWM(55%) IWO(54%) IWN(53%) |
Factors Impacting NOVA price | NOVA will decline at least -2.17% in a week (0% probabilities). VIXM(-43%) TBT(-22%) EDOC(-22%) UUP(-17%) VXX(-9%) |
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 | -2.17% (StdDev 4.34%) |
Hourly BBV | 0.9 () |
Intraday Trend | 2.7% |
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