| FAZ latest price $26.8500 (5.38%) ($25.2200 - $26.9300) on Thu. Sep. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.28% (three month average) |
RSI | 60 |
Latest Price | $26.8500(5.38%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 3.1% a day on average for past five trading days. |
Weekly Trend | FAZ advances 2.9% 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(22%) VIXM(19%) TBT(12%) SHY(10%) VXX(3%) |
Factors Impacting FAZ price | FAZ will decline at least -2.14% in a week (0% probabilities). IWD(-93%) IVE(-90%) DIA(-89%) SDY(-87%) 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 | -2.14% (StdDev 4.28%) |
Hourly BBV | 1.3 () |
Intraday Trend | 5.8% |
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