| FANG latest price $149.6300 (2.06%) ($149.6300 - $149.6300) on Thu. Jan. 26, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.03% (three month average) |
RSI | 84 |
Latest Price | $149.6300(2.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.4% a day on average for past five trading days. |
Weekly Trend | FANG advances 2.9% 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) XOP(89%) XLE(88%) OIH(79%) USO(67%) VYM(56%) |
Factors Impacting FANG price | FANG will decline at least -1.015% in a week (0% probabilities). VIXM(-39%) SHY(-39%) BNDX(-33%) BND(-25%) TIP(-23%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.015% (StdDev 2.03%) |
Hourly BBV | 1.8 () |
Intraday Trend | 0% |
| |
|
|