| TNA latest price $50.5600 (-5.03%) ($49.5900 - $51.9400) on Wed. Aug. 17, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.14% (three month average) |
RSI | 75 |
Latest Price | $50.5600(-5.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 0.5% a day on average for past five trading days. |
Weekly Trend | TNA advances 9.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support TNA advance at 0% a week (0% probability) VT(89%) XLI(88%) VYM(87%) XRT(87%) XHB(86%) |
Factors Impacting TNA price | TNA will decline at least -2.57% in a week (0% probabilities). VIXM(-57%) UUP(-41%) TBT(-19%) VXX(-16%) EDOC(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.57% (StdDev 5.14%) |
Hourly BBV | -1 () |
Intraday Trend | -1.8% |
| |
|
|