| FAZ latest price $29.1400 (5.89%) ($28.3300 - $29.5200) on Thu. Jul. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.27% (three month average) |
RSI | 52 |
Latest Price | $29.1400(5.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 1.7% a day on average for past five trading days. |
Weekly Trend | FAZ declines -2.6% 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(28%) VXX(13%) SHY(7%) TLT(6%) |
Factors Impacting FAZ price | FAZ will decline at least -1.635% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.635% (StdDev 3.27%) |
Hourly BBV | 1.7 () |
Intraday Trend | 0.6% |
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