| FANG latest price $84.0700 (2.41%) ($84.0700 - $84.4550) on Fri. May. 7, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.65% (three month average) |
RSI | 62 |
Latest Price | $84.0700(2.41%) |
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 4.3% 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(74%) XLE(73%) IWN(52%) USO(52%) |
Factors Impacting FANG price | FANG will decline at least -1.825% in a week (0% probabilities). VIXM(-27%) UUP(-21%) TLT(-15%) SHY(-12%) BNDX(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.825% (StdDev 3.65%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
| |
|
|