| FANG latest price $52.2100 (9.5%) ($50.5900 - $53.4132) on Fri. Jun. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 10.03% (three month average) |
RSI | 79 |
Latest Price | $52.2100(9.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 4.2% a day on average for past five trading days. |
Weekly Trend | FANG advances 6.3% 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%) IFRA(56%) |
Factors Impacting FANG price | FANG will decline at least -5.015% in a week (0% probabilities). VIXM(-33%) TLT(-19%) UUP(-16%) VXX(-13%) BNDX(-11%) |
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 | -5.015% (StdDev 10.03%) |
Hourly BBV | 0 () |
Intraday Trend | 1.2% |
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