| FANG latest price $73.8000 (3.93%) ($70.6500 - $74.5999) on Wed. Feb. 24, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.17% (three month average) |
RSI | 70 |
Latest Price | $73.8000(3.93%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 1.5% a day on average for past five trading days. |
Weekly Trend | FANG advances 2.1% 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(79%) XOP(75%) XLE(73%) USO(54%) IWN(51%) |
Factors Impacting FANG price | FANG will decline at least -2.085% in a week (0% probabilities). VIXM(-26%) UUP(-19%) TLT(-13%) VXX(-11%) SHY(-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 | -2.085% (StdDev 4.17%) |
Hourly BBV | 0 () |
Intraday Trend | 2.7% |
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