Based on today's classical pivot point (P1) with the value of $4.97, NovaBank has support levels of $4.87, $4.82, and the strongest at $4.73. Similarly, NovaBank resistance levels are at $5.02, $5.12, and $5.17.
| # | Price | Strength |
|---|---|---|
| S1 | $4.87 | |
| S2 | $4.82 | |
| S3 | $4.73 |
| # | Price | Strength |
|---|---|---|
| R1 | $5.02 | |
| R2 | $5.12 | |
| R3 | $5.17 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 37.34 | NEUTRAL |
| Stoch RSI (14) | 96.93 | SELL |
| Stochastic Fast (14) | 54.29 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 19.86 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.25 | NEUTRAL |
| Momentum (10) | 0.04 | BUY |
| MACD (12, 26) | -0.01 | NEUTRAL |
| Williams Percent Range (14) | -45.71 | NEUTRAL |
| Bull Bear Power (13) | -0.12 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 35.02 | NEUTRAL |
| VWMA (10) | 5.04 | BUY |
| Hull Moving Average (9) | 5.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 5.30 | NEUTRAL |
Over the past 7 days, NovaBank price was most positively correlated with the price of World Liberty Financial (WLFI), Bitcoin SV (BSV), Story (IP), Immutable X (IMX) and BitTorrent (BTT) and most negatively correlated with the price of Mantle (MNT), Midnight (NIGHT), DeXe (DEXE), Internet Computer (ICP) and Chiliz (CHZ).
| Name | Correlation |
|---|---|
| World Liberty Financial | 0.408 |
| Bitcoin SV | 0.387 |
| Story | 0.387 |
| Immutable X | 0.336 |
| BitTorrent | 0.332 |
| Name | Correlation |
|---|---|
| Mantle | -0.610 |
| Midnight | -0.579 |
| DeXe | -0.567 |
| Internet Computer | -0.526 |
| Chiliz | -0.524 |
NovaBank price is negatively correlated with the top 10 coins by market cap with a price of -0.180, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.228.
Currencies that are positively correlated with NovaBank indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with NovaBank, a move in one direction for NovaBank would translate into a move in the opposite direction for the negatively correlated coin.
