| FANG latest price $46.9500 (-6.31%) ($46.9100 - $51.5300) on Mon. Dec. 14, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.83% (three month average) |
RSI | 56 |
Latest Price | $46.9500(-6.31%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.5% a day on average for past five trading days. |
Weekly Trend | FANG advances 5.1% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) OIH(79%) XOP(76%) XLE(74%) IWN(52%) USO(52%) |
Factors Impacting FANG price | FANG will decline at least -2.915% in a week (0% probabilities). VIXM(-27%) UUP(-20%) TLT(-14%) VXX(-12%) SHY(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.915% (StdDev 5.83%) |
Hourly BBV | 0 () |
Intraday Trend | -8.5% |
| |
|
|