| FAZ latest price $30.2000 (7.97%) ($29.2000 - $30.7200) on Mon. Jul. 19, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.61% (three month average) |
RSI | 63 |
Latest Price | $30.2000(7.97%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 3.2% a day on average for past five trading days. |
Weekly Trend | FAZ advances 2.1% 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(13%) SHY(7%) TLT(5%) |
Factors Impacting FAZ price | FAZ will decline at least -1.805% 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 | -1.805% (StdDev 3.61%) |
Hourly BBV | 1.5 () |
Intraday Trend | 2% |
| |
|
|