| FANG latest price $40.7300 (-2.16%) ($40.3500 - $41.7000) on Thu. Aug. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.93% (three month average) |
RSI | 58 |
Latest Price | $40.7300(-2.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.6% a day on average for past five trading days. |
Weekly Trend | FANG advances 0.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) OIH(81%) XOP(79%) XLE(78%) IWN(57%) IWD(53%) |
Factors Impacting FANG price | FANG will decline at least -2.465% in a week (0% probabilities). VIXM(-29%) TLT(-17%) UUP(-16%) BNDX(-12%) VXX(-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 | -2.465% (StdDev 4.93%) |
Hourly BBV | 0 () |
Intraday Trend | -0.9% |
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