| FAS latest price $71.8000 (3.04%) ($69.4200 - $71.9000) on Thu. Nov. 30, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.64% (three month average) |
RSI | 93 |
Latest Price | $71.8000(3.04%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAS advances 1% a day on average for past five trading days. |
Weekly Trend | FAS advances 5.4% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support FAS advance at 0% a week (0% probability) XLF(98%) IVE(97%) DIA(96%) IWD(95%) VYM(88%) |
Factors Impacting FAS price | FAS will decline at least -1.32% in a week (0% probabilities). VIXM(-52%) VXX(-51%) UUP(-26%) TBT(10%) IGOV(13%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.32% (StdDev 2.64%) |
Hourly BBV | 1.4 () |
Intraday Trend | 2.6% |
| |
|
|