(U.S. Global Jets ETF)
| JETS latest price $22.5600 (5.32%) ($21.9100 - $22.5800) on Tue. Nov. 24, 2020. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 3.02% (three month average) |
| RSI | 80 |
| Latest Price | $22.5600(5.32%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | JETS advances 1.6% a day on average for past five trading days. |
| Weekly Trend | JETS advances 6.5% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
| Correlated ETFs | Broad market will support JETS advance at 0% a week (0% probability)
PEJ(80%) IYT(75%) IWM(73%) IWN(73%) IWC(70%) |
| Factors Impacting JETS price | JETS will decline at least -1.51% in a week (0% probabilities).
VIXM(-39%) UUP(-22%) VXX(-15%) EDOC(-8%) TLT(-6%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -1.51% (StdDev 3.02%) |
| Hourly BBV | 1.5 () |
| Intraday Trend | 1.6% |
| | |
| |
|