| TNA latest price $37.4400 (-2.55%) ($36.8170 - $38.8850) on Fri. Dec. 15, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.28% (three month average) |
RSI | 80 |
Latest Price | $37.4400(-2.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 3.1% a day on average for past five trading days. |
Weekly Trend | TNA advances 10.4% a week on average for past two weeks. |
Market Behavior | Value stocks 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) IWO(98%) ARKK(94%) IWD(93%) ARKG(92%) VYM(90%) |
Factors Impacting TNA price | TNA will decline at least -2.14% in a week (0% probabilities). VXX(-30%) VIXM(-28%) TBT(-27%) UUP(-26%) EDOC(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.14% (StdDev 4.28%) |
Hourly BBV | 0.4 () |
Intraday Trend | -3% |
| |
|
|