| FAZ latest price $21.6800 (-7.27%) ($21.5300 - $22.2900) on Fri. May. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.26% (three month average) |
RSI | 61 |
Latest Price | $21.6800(-7.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 1.4% a day on average for past five trading days. |
Weekly Trend | FAZ advances 5.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support FAZ advance at 0% a week (0% probability) VXX(64%) VIXM(55%) UUP(21%) TBT(15%) SHY(8%) |
Factors Impacting FAZ price | FAZ will decline at least -2.13% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.13% (StdDev 4.26%) |
Hourly BBV | -1.1 () |
Intraday Trend | -2.2% |
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