| DRIP latest price $10.5000 (-2.6%) ($10.4000 - $10.8610) on Fri. Aug. 25, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.01% (three month average) |
RSI | 48 |
Latest Price | $10.5000(-2.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | DRIP advances 0.6% a day on average for past five trading days. |
Weekly Trend | DRIP advances 1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support DRIP advance at 0% a week (0% probability) UUP(19%) VXX(10%) BNDX(6%) VIXM(4%) SHY(1%) |
Factors Impacting DRIP price | DRIP will decline at least -1.505% in a week (0% probabilities). XLE(-94%) OIH(-86%) USO(-67%) XME(-60%) VYM(-58%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.505% (StdDev 3.01%) |
Hourly BBV | -2.3 () |
Intraday Trend | -1.1% |
| |
|
|