| FANG latest price $147.1500 (1.2%) ($147.1500 - $147.1500) on Mon. Jul. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.9% (three month average) |
RSI | 71 |
Latest Price | $147.1500(1.2%) |
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 2.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) XOP(82%) XLE(79%) OIH(75%) USO(69%) TAN(47%) |
Factors Impacting FANG price | FANG will decline at least -0.95% in a week (0% probabilities). GLD(-43%) SHY(-30%) VCSH(-25%) VXX(-21%) EWG(-18%) |
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 | -0.95% (StdDev 1.9%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
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