| FANG latest price $123.5300 (4.64%) ($123.5300 - $123.5300) on Thu. Jan. 6, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.88% (three month average) |
RSI | 70 |
Latest Price | $123.5300(4.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 2.9% a day on average for past five trading days. |
Weekly Trend | FANG advances 6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally 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 -1.44% in a week (0% probabilities). VIXM(-21%) 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 | -1.44% (StdDev 2.88%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
| |
|
|