(U.S. Global Jets ETF)
| JETS latest price $17.4500 (4.8%) ($16.7800 - $17.4750) on Mon. Aug. 10, 2020. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 4.58% (three month average) |
| RSI | 64 |
| Latest Price | $17.4500(4.8%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | JETS advances 2.4% a day on average for past five trading days. |
| Weekly Trend | JETS advances 1.7% a week on average for past two weeks. |
| Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
| Correlated ETFs | Broad market will support JETS advance at 0% a week (0% probability)
PEJ(80%) IWN(74%) IWM(71%) IWD(70%) IVE(69%) |
| Factors Impacting JETS price | JETS will decline at least -2.29% in a week (0% probabilities).
VIXM(-39%) UUP(-20%) VXX(-15%) TLT(-9%) EDOC(-7%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -2.29% (StdDev 4.58%) |
| Hourly BBV | 1.7 () |
| Intraday Trend | 3.8% |
| | |
| |
|