| FAZ latest price $22.6400 (9.32%) ($20.4800 - $22.6900) on Fri. Aug. 26, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.61% (three month average) |
RSI | 46 |
Latest Price | $22.6400(9.32%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 2% a day on average for past five trading days. |
Weekly Trend | FAZ advances 1.7% 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) UUP(23%) VIXM(22%) TBT(13%) SHY(9%) EDOC(7%) |
Factors Impacting FAZ price | FAZ will decline at least -2.305% in a week (0% probabilities). IWD(-93%) IVE(-90%) DIA(-89%) SDY(-88%) SPY(-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 | -2.305% (StdDev 4.61%) |
Hourly BBV | 1.6 () |
Intraday Trend | 10.1% |
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