| FAZ latest price $16.8000 (-0.65%) ($16.1000 - $17.4500) on Thu. Sep. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.45% (three month average) |
RSI | 73 |
Latest Price | $16.8000(-0.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 3.5% a day on average for past five trading days. |
Weekly Trend | FAZ advances 6.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support FAZ advance at 0% a week (0% probability) TLT(11%) TIP(9%) LQD(8%) BND(6%) BNDX(6%) |
Factors Impacting FAZ price | FAZ will decline at least -1.725% in a week (0% probabilities). TBT(-11%) XME(-9%) GLD(-9%) XLF(-8%) INDA(-8%) |
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 | -1.725% (StdDev 3.45%) |
Hourly BBV | 1.2 () |
Intraday Trend | -1.1% |
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