| FAZ latest price $30.8700 (7.71%) ($29.5100 - $30.9000) on Fri. Jun. 18, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.21% (three month average) |
RSI | 81 |
Latest Price | $30.8700(7.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 3.9% a day on average for past five trading days. |
Weekly Trend | FAZ advances 7% 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 -1.605% 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 | -1.605% (StdDev 3.21%) |
Hourly BBV | 1.3 () |
Intraday Trend | 3.4% |
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