| FAZ latest price $19.8800 (0.61%) ($19.5700 - $20.3500) on Wed. Sep. 27, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.21% (three month average) |
RSI | 62 |
Latest Price | $19.8800(0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 2.3% a day on average for past five trading days. |
Weekly Trend | FAZ advances 3.7% a week on average for past two weeks. |
Market Behavior | Normal 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(60%) TBT(30%) UUP(28%) USO(5%) |
Factors Impacting FAZ price | FAZ will decline at least -1.105% in a week (0% probabilities). XLF(-99%) DIA(-94%) IWD(-93%) IVE(-92%) VYM(-89%) |
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 | -1.105% (StdDev 2.21%) |
Hourly BBV | 1 () |
Intraday Trend | 1.6% |
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