| TZA latest price $13.6300 (3.65%) ($12.7600 - $13.7300) on Mon. Oct. 19, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.85% (three month average) |
RSI | 21 |
Latest Price | $13.6300(3.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 1.2% a day on average for past five trading days. |
Weekly Trend | TZA declines -9.2% 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 TZA advance at 0% a week (0% probability) UNG(7%) UUP(4%) XLF(4%) XLK(4%) IPO(3%) |
Factors Impacting TZA price | TZA will decline at least -1.925% in a week (0% probabilities). GLD(-9%) REMX(-5%) LIT(-5%) GDX(-5%) SLV(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.925% (StdDev 3.85%) |
Hourly BBV | 1.7 () |
Intraday Trend | 4.8% |
| |
|
|