| TNA latest price $31.4500 (0.42%) ($30.5000 - $31.6000) on Fri. Apr. 21, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.92% (three month average) |
RSI | 46 |
Latest Price | $31.4500(0.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 0.3% a day on average for past five trading days. |
Weekly Trend | TNA advances 1.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support TNA advance at 0% a week (0% probability) IWN(98%) IWO(98%) IFRA(88%) IWC(87%) IWD(87%) |
Factors Impacting TNA price | TNA will decline at least -1.96% in a week (0% probabilities). VXX(-54%) VIXM(-46%) UUP(-28%) TBT(-20%) EDOC(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.96% (StdDev 3.92%) |
Hourly BBV | -0 () |
Intraday Trend | -0.3% |
| |
|
|