| FAZ latest price $20.8700 (3.78%) ($19.9300 - $20.9700) on Thu. Oct. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.3% (three month average) |
RSI | 57 |
Latest Price | $20.8700(3.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 0.8% a day on average for past five trading days. |
Weekly Trend | FAZ declines -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(55%) VIXM(49%) UUP(26%) TBT(23%) EDOC(21%) |
Factors Impacting FAZ price | FAZ will decline at least -1.15% in a week (0% probabilities). XLF(-99%) IWD(-95%) DIA(-95%) VYM(-93%) IVE(-93%) |
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 | -1.15% (StdDev 2.3%) |
Hourly BBV | 1.9 () |
Intraday Trend | 3.3% |
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