| TNA latest price $30.4000 (-8.76%) ($30.0000 - $32.6100) on Fri. Oct. 7, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5% (three month average) |
RSI | 37 |
Latest Price | $30.4000(-8.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 1% a day on average for past five trading days. |
Weekly Trend | TNA declines -1.2% 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(88%) VYM(87%) XLI(87%) XRT(87%) XHB(85%) |
Factors Impacting TNA price | TNA will decline at least -2.5% in a week (0% probabilities). VIXM(-54%) UUP(-37%) TBT(-18%) VXX(-16%) EDOC(16%) |
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 | -2.5% (StdDev 5%) |
Hourly BBV | -1.7 () |
Intraday Trend | -5.9% |
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