| FANG latest price $24.1200 (18.41%) ($22.0750 - $24.6800) on Tue. Mar. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.6% (three month average) |
RSI | 30 |
Latest Price | $24.1200(18.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 4.2% a day on average for past five trading days. |
Weekly Trend | FANG declines -35.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) OIH(83%) XOP(81%) XLE(80%) IWN(60%) PAVE(55%) |
Factors Impacting FANG price | FANG will decline at least -4.3% in a week (0% probabilities). VIXM(-41%) VXX(-17%) UUP(-13%) TLT(-12%) SHY(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -4.3% (StdDev 8.6%) |
Hourly BBV | 0 () |
Intraday Trend | 8.4% |
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