NOVA vs RNRG
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is NOVA is a Hold and RNRG is a Hold.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
NOVA’s TA Score shows that 5 TA indicator(s) are bullish.
- NOVA’s TA Score: 5 bullish, 2 bearish.
| NOVA | RNRG | |
|---|---|---|
| RSI ODDS (%) | 4 days ago 86% | N/A |
| Stochastic ODDS (%) | 4 days ago 86% | 4 days ago 88% |
| Momentum ODDS (%) | N/A | 4 days ago 78% |
| MACD ODDS (%) | 4 days ago 89% | 4 days ago 80% |
| TrendWeek ODDS (%) | 4 days ago 89% | 4 days ago 86% |
| TrendMonth ODDS (%) | 4 days ago 89% | 4 days ago 79% |
| Advances ODDS (%) | 13 days ago 84% | 12 days ago 80% |
| Declines ODDS (%) | 4 days ago 89% | 5 days ago 90% |
| BollingerBands ODDS (%) | 4 days ago 81% | 4 days ago 88% |
| Aroon ODDS (%) | 4 days ago 87% | 4 days ago 90% |
RNRG and
Correlation & Price change
A.I.dvisor indicates that over the last year, RNRG has been closely correlated with RUN. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if RNRG jumps, then RUN could also see price increases.
| Ticker / NAME | Correlation To RNRG | 1D Price Change % | ||
|---|---|---|---|---|
| RNRG | 100% | +0.83% | ||
| RUN - RNRG | 70% Closely correlated | -8.34% | ||
| ORA - RNRG | 68% Closely correlated | +1.31% | ||
| NOVA - RNRG | 61% Loosely correlated | -3.49% | ||
| CWEN - RNRG | 59% Loosely correlated | +2.71% | ||
| XIFR - RNRG | 57% Loosely correlated | +2.26% | ||
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