| FAZ latest price $21.8900 (2.96%) ($21.1000 - $22.1500) on Wed. Apr. 26, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.02% (three month average) |
RSI | 41 |
Latest Price | $21.8900(2.96%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 2.3% a day on average for past five trading days. |
Weekly Trend | FAZ declines -3.2% 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) VXX(65%) VIXM(57%) UUP(20%) SHY(12%) TBT(12%) |
Factors Impacting FAZ price | FAZ will decline at least -2.01% in a week (0% probabilities). XLF(-99%) IWD(-92%) VYM(-89%) DIA(-89%) IVE(-88%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.01% (StdDev 4.02%) |
Hourly BBV | 1.9 () |
Intraday Trend | 2.4% |
| |
|
|