| FANG latest price $111.6600 (-2.4%) ($111.6600 - $111.6600) on Wed. Nov. 3, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.92% (three month average) |
RSI | 56 |
Latest Price | $111.6600(-2.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.8% a day on average for past five trading days. |
Weekly Trend | FANG advances 0.6% 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(82%) XLE(69%) XOP(69%) IWD(50%) USO(50%) |
Factors Impacting FANG price | FANG will decline at least -1.46% in a week (0% probabilities). VIXM(-25%) UUP(-20%) SHY(-13%) BNDX(-11%) TLT(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.46% (StdDev 2.92%) |
Hourly BBV | -0.3 () |
Intraday Trend | 0% |
| |
|
|