| FAZ latest price $26.7100 (-8.34%) ($26.6000 - $28.1090) on Fri. Jul. 9, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.42% (three month average) |
RSI | 32 |
Latest Price | $26.7100(-8.34%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 0.4% a day on average for past five trading days. |
Weekly Trend | FAZ declines -2% 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(28%) VXX(13%) SHY(7%) TLT(6%) |
Factors Impacting FAZ price | FAZ will decline at least -1.71% 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 | -1.71% (StdDev 3.42%) |
Hourly BBV | -1.5 () |
Intraday Trend | -4.6% |
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