| FAZ latest price $21.5600 (5.02%) ($20.6700 - $21.7500) on Tue. Oct. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.23% (three month average) |
RSI | 78 |
Latest Price | $21.5600(5.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 1.8% a day on average for past five trading days. |
Weekly Trend | FAZ advances 7.7% 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) VXX(61%) VIXM(58%) EDOC(28%) UUP(28%) TBT(27%) |
Factors Impacting FAZ price | FAZ will decline at least -1.115% in a week (0% probabilities). DIA(-94%) IWD(-93%) IVE(-92%) VYM(-90%) VT(-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 | -1.115% (StdDev 2.23%) |
Hourly BBV | 1.6 () |
Intraday Trend | 3.3% |
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