| FAZ latest price $23.2200 (-0.68%) ($22.5350 - $23.5000) on Thu. Sep. 9, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.45% (three month average) |
RSI | 38 |
Latest Price | $23.2200(-0.68%) |
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 -0.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support FAZ advance at 0% a week (0% probability) VIXM(47%) UUP(29%) VXX(12%) SHY(7%) IGOV(3%) |
Factors Impacting FAZ price | FAZ will decline at least -1.725% in a week (0% probabilities). IWD(-93%) IVE(-91%) DIA(-90%) SPY(-87%) 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 | -1.725% (StdDev 3.45%) |
Hourly BBV | -0.4 () |
Intraday Trend | -1.1% |
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