| FAS latest price $58.1200 (6.12%) ($55.7400 - $58.5600) on Wed. May. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.3% (three month average) |
RSI | 45 |
Latest Price | $58.1200(6.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAS advances 0.7% a day on average for past five trading days. |
Weekly Trend | FAS declines -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 FAS advance at 0% a week (0% probability) XLF(99%) IWD(91%) IVE(88%) DIA(87%) VYM(87%) |
Factors Impacting FAS price | FAS will decline at least -2.15% in a week (0% probabilities). VXX(-60%) VIXM(-53%) UUP(-24%) TBT(-20%) SHY(1%) |
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 | -2.15% (StdDev 4.3%) |
Hourly BBV | 1.7 () |
Intraday Trend | 3.9% |
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