| FANG latest price $31.1200 (5.6%) ($29.5000 - $31.1500) on Thu. Oct. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.69% (three month average) |
RSI | 39 |
Latest Price | $31.1200(5.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 1.4% a day on average for past five trading days. |
Weekly Trend | FANG declines -1.9% 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(81%) XOP(79%) XLE(78%) IWN(56%) IWD(52%) |
Factors Impacting FANG price | FANG will decline at least -1.845% in a week (0% probabilities). VIXM(-29%) TLT(-16%) UUP(-15%) 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 | -1.845% (StdDev 3.69%) |
Hourly BBV | 0 () |
Intraday Trend | 4.3% |
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