| FANG latest price $157.2900 (-3.8%) ($156.7100 - $157.2900) on Wed. Nov. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.71% (three month average) |
RSI | 68 |
Latest Price | $157.2900(-3.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.3% a day on average for past five trading days. |
Weekly Trend | FANG advances 2.8% 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(80%) IWD(51%) IWM(49%) IWN(49%) IWO(48%) |
Factors Impacting FANG price | FANG will decline at least -1.355% in a week (0% probabilities). SHY(-29%) BNDX(-27%) UUP(-14%) VIXM(-9%) VXX(-6%) |
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 | -1.355% (StdDev 2.71%) |
Hourly BBV | -2.2 () |
Intraday Trend | 0% |
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