| TNA latest price $35.8400 (1.59%) ($35.3900 - $37.7900) on Wed. Oct. 26, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.18% (three month average) |
RSI | 55 |
Latest Price | $35.8400(1.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 2.7% a day on average for past five trading days. |
Weekly Trend | TNA advances 4.4% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support TNA advance at 0% a week (0% probability) VT(87%) XRT(87%) VYM(86%) XLI(85%) XHB(84%) |
Factors Impacting TNA price | TNA will decline at least -2.59% in a week (0% probabilities). VIXM(-53%) UUP(-34%) VXX(-16%) TBT(-15%) EDOC(5%) |
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 | -2.59% (StdDev 5.18%) |
Hourly BBV | 0.7 () |
Intraday Trend | -0.3% |
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