| FANG latest price $132.8000 (1.68%) ($131.3200 - $132.8000) on Wed. Mar. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 40 |
Latest Price | $132.8000(1.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.8% a day on average for past five trading days. |
Weekly Trend | FANG declines -1.2% 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) XLE(88%) XOP(88%) OIH(81%) USO(72%) VYM(62%) |
Factors Impacting FANG price | FANG will decline at least -1.2% in a week (0% probabilities). VXX(-41%) SHY(-38%) VIXM(-35%) BNDX(-24%) SMH(-22%) |
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 | -1.2% (StdDev 2.4%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
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