| FAZ latest price $27.5200 (-0.43%) ($27.3300 - $28.3000) on Wed. Jul. 7, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.18% (three month average) |
RSI | 57 |
Latest Price | $27.5200(-0.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 0.3% a day on average for past five trading days. |
Weekly Trend | FAZ declines -3% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(28%) VXX(13%) SHY(7%) TLT(6%) |
Factors Impacting FAZ price | FAZ will decline at least -1.59% in a week (0% probabilities). IWD(-93%) IVE(-91%) DIA(-90%) SPY(-86%) SDY(-86%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.59% (StdDev 3.18%) |
Hourly BBV | 0.3 () |
Intraday Trend | -1.7% |
| |
|
|