| NOVA latest price $18.2400 (5.43%) ($17.4000 - $18.5000) on Fri. Mar. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.25% (three month average) |
RSI | 59 |
Latest Price | $18.2400(5.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 1.9% a day on average for past five trading days. |
Weekly Trend | NOVA advances 0.1% 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(54%) IWO(53%) IWD(52%) |
Factors Impacting NOVA price | NOVA will decline at least -2.125% in a week (0% probabilities). VIXM(-43%) EDOC(-23%) TBT(-21%) UUP(-16%) 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 | -2.125% (StdDev 4.25%) |
Hourly BBV | 1.1 () |
Intraday Trend | 4.1% |
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