| FAZ latest price $37.5600 (1.1%) ($37.0600 - $38.7300) on Fri. Aug. 2, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 47.65% (three month average) |
RSI | 59 |
Latest Price | $37.5600(1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 1.8% a day on average for past five trading days. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support FAZ advance at 0% a week (0% probability) TLT(13%) IFRA(8%) TIP(7%) VIXM(6%) BNDX(4%) |
Factors Impacting FAZ price | FAZ will decline at least -23.825% in a week (0% probabilities). XLF(-17%) VYM(-17%) SDY(-17%) IVE(-17%) DIA(-17%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -23.825% (StdDev 47.65%) |
Hourly BBV | 0 () |
Intraday Trend | 0.4% |
| |
|
|