| TNA latest price $33.4000 (5.9%) ($32.1900 - $33.5000) on Wed. Aug. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.58% (three month average) |
RSI | 68 |
Latest Price | $33.4000(5.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 1.8% a day on average for past five trading days. |
Weekly Trend | TNA advances 3.2% 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 TNA advance at 0% a week (0% probability) VT(87%) XLI(83%) XAR(82%) VFMO(81%) VYM(81%) |
Factors Impacting TNA price | TNA will decline at least -3.29% in a week (0% probabilities). VIXM(-63%) UUP(-36%) VXX(-25%) IGOV(-3%) XLC(-2%) |
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 | -3.29% (StdDev 6.58%) |
Hourly BBV | 1.8 () |
Intraday Trend | 2.8% |
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