| FAZ latest price $28.6500 (-7.19%) ($28.6250 - $30.2160) on Mon. Jun. 21, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.3% (three month average) |
RSI | 72 |
Latest Price | $28.6500(-7.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 1.6% a day on average for past five trading days. |
Weekly Trend | FAZ advances 7.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally 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 -1.65% 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 | -1.65% (StdDev 3.3%) |
Hourly BBV | -0.5 () |
Intraday Trend | -4.6% |
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