| FAZ latest price $27.9300 (4.33%) ($25.8950 - $28.0400) on Wed. May. 12, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 89.82% (three month average) |
RSI | 29 |
Latest Price | $27.9300(4.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 0.9% a day on average for past five trading days. |
Weekly Trend | FAZ declines -6.8% 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) VIXM(48%) UUP(29%) VXX(14%) SHY(7%) TLT(7%) |
Factors Impacting FAZ price | FAZ will decline at least -44.91% in a week (0% probabilities). IWD(-93%) IVE(-91%) DIA(-90%) SDY(-86%) SPY(-85%) |
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 | -44.91% (StdDev 89.82%) |
Hourly BBV | 1.6 () |
Intraday Trend | 6.4% |
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