| FANG latest price $47.1400 (5.96%) ($45.0000 - $47.2500) on Tue. Nov. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.66% (three month average) |
RSI | 82 |
Latest Price | $47.1400(5.96%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 5% a day on average for past five trading days. |
Weekly Trend | FANG advances 20.5% 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(80%) XOP(77%) XLE(75%) IWN(53%) USO(51%) |
Factors Impacting FANG price | FANG will decline at least -2.83% in a week (0% probabilities). VIXM(-26%) UUP(-19%) TLT(-14%) VXX(-11%) SHY(-10%) |
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 | -2.83% (StdDev 5.66%) |
Hourly BBV | 0 () |
Intraday Trend | 1.3% |
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