| FAZ latest price $22.3300 (0.9%) ($21.6900 - $22.4500) on Thu. Oct. 26, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.3% (three month average) |
RSI | 66 |
Latest Price | $22.3300(0.9%) |
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 5.6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support FAZ advance at 0% a week (0% probability) VXX(63%) VIXM(52%) TBT(25%) UUP(24%) GLD(14%) |
Factors Impacting FAZ price | FAZ will decline at least -1.15% in a week (0% probabilities). IWD(-95%) VYM(-93%) IVE(-93%) DIA(-93%) XLI(-90%) |
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 | 0.4 () |
Intraday Trend | -0.4% |
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