| FANG latest price $118.0500 (-1.02%) ($117.3400 - $118.0500) on Wed. Jan. 5, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.82% (three month average) |
RSI | 68 |
Latest Price | $118.0500(-1.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 1.7% a day on average for past five trading days. |
Weekly Trend | FANG advances 4.6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) OIH(82%) XLE(67%) XOP(67%) IWD(48%) XME(48%) |
Factors Impacting FANG price | FANG will decline at least -1.41% in a week (0% probabilities). VIXM(-22%) UUP(-21%) SHY(-13%) BNDX(-9%) VXX(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.41% (StdDev 2.82%) |
Hourly BBV | 0.3 () |
Intraday Trend | 0% |
| |
|
|