| FAZ latest price $27.0300 (8.95%) ($26.3900 - $27.3500) on Mon. Feb. 24, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.19% (three month average) |
RSI | 45 |
Latest Price | $27.0300(8.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 2.4% a day on average for past five trading days. |
Weekly Trend | FAZ declines -1.8% a week on average for past two weeks. |
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%) TIP(7%) VIXM(6%) SHY(5%) BNDX(4%) |
Factors Impacting FAZ price | FAZ will decline at least -1.095% in a week (0% probabilities). XLF(-17%) DIA(-17%) XME(-16%) VYM(-16%) SDY(-16%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.095% (StdDev 2.19%) |
Hourly BBV | 1.3 () |
Intraday Trend | -0.2% |
| |
|
|