| FANG latest price $133.3600 (-0.6%) ($131.2900 - $133.3600) on Thu. Jun. 8, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.32% (three month average) |
RSI | 61 |
Latest Price | $133.3600(-0.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.8% a day on average for past five trading days. |
Weekly Trend | FANG advances 0.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) XOP(84%) XLE(83%) OIH(75%) USO(64%) IWN(53%) |
Factors Impacting FANG price | FANG will decline at least -1.16% in a week (0% probabilities). VXX(-24%) BWX(-17%) BLOK(-17%) VIXM(-16%) SHY(-16%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.16% (StdDev 2.32%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0% |
| |
|
|