| NOVA latest price $21.6600 (3.54%) ($21.1400 - $21.8800) on Thu. Jul. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.5% (three month average) |
RSI | 66 |
Latest Price | $21.6600(3.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | NOVA advances 5.1% a day on average for past five trading days. |
Weekly Trend | NOVA advances 3.6% 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(80%) ICLN(77%) ACES(73%) IWM(65%) IWN(65%) |
Factors Impacting NOVA price | NOVA will decline at least -2.25% in a week (0% probabilities). VIXM(-50%) VXX(-46%) TBT(-41%) UUP(-23%) USO(-0%) |
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 | -2.25% (StdDev 4.5%) |
Hourly BBV | 0.9 () |
Intraday Trend | 2.2% |
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