| TAN latest price $44.0300 (-1.92%) ($43.9700 - $46.0500) on Wed. Jan. 24, 2024. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.92% (three month average) |
RSI | 23 |
Latest Price | $44.0300(-1.92%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | TAN advances 0.5% a day on average for past five trading days. |
Weekly Trend | TAN declines -5.2% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support TAN advance at 0% a week (0% probability) IWN(73%) IWM(72%) IWO(67%) IVE(61%) JETS(55%) |
Factors Impacting TAN price | TAN will decline at least -1.46% in a week (0% probabilities). UUP(-47%) VXX(-43%) VIXM(-39%) SMH(17%) XLE(24%) |
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 | -1.46% (StdDev 2.92%) |
Hourly BBV | -0.3 () |
Intraday Trend | -3.9% |
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