| TNA latest price $24.9400 (8.06%) ($23.8550 - $24.9800) on Thu. Nov. 2, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.03% (three month average) |
RSI | 47 |
Latest Price | $24.9400(8.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 2% a day on average for past five trading days. |
Weekly Trend | TNA declines -6% 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) IWN(99%) IWO(99%) IFRA(93%) ARKG(90%) TAN(90%) |
Factors Impacting TNA price | TNA will decline at least -1.515% in a week (0% probabilities). TBT(-37%) UUP(-33%) VXX(-28%) VIXM(-14%) GLD(18%) |
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 | -1.515% (StdDev 3.03%) |
Hourly BBV | 1.8 () |
Intraday Trend | 3.8% |
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