| FAS latest price $73.5100 (2.64%) ($68.6200 - $73.5700) on Thu. Jul. 28, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.18% (three month average) |
RSI | 59 |
Latest Price | $73.5100(2.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAS advances 0.6% a day on average for past five trading days. |
Weekly Trend | FAS advances 6% 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 FAS advance at 0% a week (0% probability) IWD(93%) IVE(91%) DIA(89%) SDY(88%) SPY(87%) |
Factors Impacting FAS price | FAS will decline at least -2.59% in a week (0% probabilities). VIXM(-25%) UUP(-24%) TBT(-11%) SHY(-8%) VXX(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.59% (StdDev 5.18%) |
Hourly BBV | 1.8 () |
Intraday Trend | 2.6% |
| |
|
|