| TZA latest price $46.6700 (12.59%) ($42.8000 - $47.2700) on Mon. May. 9, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.38% (three month average) |
RSI | 74 |
Latest Price | $46.6700(12.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 3.8% a day on average for past five trading days. |
Weekly Trend | TZA advances 8.4% 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) VIXM(62%) UUP(40%) VXX(17%) TBT(13%) TLT(-14%) |
Factors Impacting TZA price | TZA will decline at least -2.69% in a week (0% probabilities). VT(-90%) XLI(-88%) VYM(-87%) XRT(-86%) XHB(-86%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.69% (StdDev 5.38%) |
Hourly BBV | 1.6 () |
Intraday Trend | 7.3% |
| |
|
|