89% Success Rate: NOVA's Aroon Indicator Signals Uptrend
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Aroon Indicator Signals Uptrend:
On June 21, 2023, NOVA's Aroon Indicator entered an uptrend. Over the past three days, the AroonUp green line has been above 70, while the AroonDown red line remained below 30. This indicates a potential strong uptrend. Based on historical data, A.I.dvisor found 143 successful cases out of 161 similar instances, suggesting an 89% chance of success.
Positive Momentum Indicator:
NOVA's Momentum Indicator turned positive on May 22, 2023. This indicates a new upward move for the stock. In 55 out of 60 similar instances, the stock moved higher in the following days, indicating a 90% chance of a move higher. Traders may consider buying the stock or exploring call options.
Market Capitalization: The average market capitalization in the Electrical Products Industry is 3.76B. NOVA's market cap is $18.62, and companies in the industry range from 12.12K to 181.26B. The highest valued company is NISSF with a market cap of 181.26B, while the lowest valued company is GNAL at 12.12K
Price Movements:
- Weekly price growth across the Electrical Products Industry averaged 0%.
- Monthly price growth averaged 3%.
- Quarterly price growth averaged 6%.
- Notable price growth: EFLVD at 419%.
- Biggest fall: DLYT at -77%.
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Volume:
- Weekly volume growth across the Electrical Products Industry averaged -33%.
- Monthly volume growth averaged -27%.
- Quarterly volume growth averaged 3%.
As with any investment analysis, it's crucial to conduct further research and consider other factors before making any investment decisions. Market conditions can change rapidly, and it's advisable to consult with a financial advisor for personalized guidance.
Sunnova Energy International (NOVA) shows promising signs of an uptrend according to technical indicators. The Aroon Indicator and Momentum Indicator suggest a potential upward move. However, market capitalization, price movements, and volume should be carefully monitored. Stay informed and make informed decisions to navigate the dynamic world of the Electrical Products industry.
NOVA's Stochastic Oscillator stays in oversold zone for 22 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 18 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NOVA advanced for three days, in of 284 cases, the price rose further within the following month. The odds of a continued upward trend are .
NOVA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NOVA as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
NOVA moved below its 50-day moving average on October 01, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for NOVA crossed bearishly below the 50-day moving average on October 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NOVA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for NOVA entered a downward trend on October 28, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
