RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NOVA
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Green day on Thursday for Sunnova Energy International Inc
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Gain 13.73% PDF

The Sunnova Energy International Inc stock price gained 2.68% on the last trading day (Thursday, 28th Mar 2024), rising from $5.97 to $6.13. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.42% from a day low at $5.90 to a day high of $6.22. The price has risen in 8 of the last 10 days and is up by 45.95% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 10 million shares were bought and sold for approximately $58.51 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -55.02% during the next 3 months and, with a 90% probability hold a price between $1.20 and $3.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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NOVA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 45.95%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sunnova Energy International Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $7.33. On a fall, the stock will find some support from the short-term average at $5.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Sunnova Energy International Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.79 and $5.68. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sunnova Energy International Inc finds support just below today's level at $5.79. If this is broken, then the next support from accumulated volume will be at $5.68 and $5.10.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.320 between high and low, or 5.42%. For the last week, the stock has had daily average volatility of 12.99%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NOVA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sunnova Energy International Inc to open at $6.08, and during the day (based on 14 day Average True Range), to move between $5.39 and $6.87, which gives a possible trading interval of +/-$0.745 (+/-12.15%) up or down from last closing price. If Sunnova Energy International Inc takes out the full calculated possible swing range there will be an estimated 24.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.79 (5.55%) than the resistance at $6.93 (13.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sunnova Energy International Inc stock A Buy?

Sunnova Energy International Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.253 Sell Candidate Unchanged

Predicted Opening Price for Sunnova Energy International Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.08 ( 0.761%) $6.13

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NOVA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.40 4.46 %
R2 6.28 2.46 %
R1 6.21 1.23 %
Current price: 6.13
Support S1 5.96 -2.76 %
S2 5.89 -3.99 %
S3 5.76 -5.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.44 21.37 %
R2 7.05 15.01 %
R1 6.93 13.05 %
Current price 6.13
Support S1 5.79 -5.55%
S2 5.68 -7.34%
S3 5.10 -16.80%

FAQ

What is the symbol for Sunnova Energy International Inc Stock and on which exchange is it traded?
The symbol for Sunnova Energy International Inc is NOVA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sunnova Energy International Inc Stock?
Sunnova Energy International Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Sunnova Energy International Inc Stock?
Sunnova Energy International Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sunnova Energy International Inc Stock.

What's the current price of Sunnova Energy International Inc Stock?
As of the end of day on the 2024-03-28, the price of an Sunnova Energy International Inc (NOVA) share was $6.13.

What is the 52-week high and low for Sunnova Energy International Inc Stock?
The 52-week high for Sunnova Energy International Inc Stock is $24.56 and the 52-week low is $3.80.

What is the market capitalization of Sunnova Energy International Inc Stock?
As of the 2024-03-28, the market capitalization of Sunnova Energy International Inc is 750.827M.

When is the next earnings date for Sunnova Energy International Inc?
The upcoming earnings date for Sunnova Energy International Inc is Apr 24, 2024.
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About Sunnova Energy International Inc

Sunnova Energy International Sunnova Energy International Inc. provides residential energy services in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services. As of December 31, 2021, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,140 megawatts serving over 195,000 custo... NOVA Profile

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