| TZA latest price $50.1600 (7.46%) ($44.1100 - $50.4100) on Wed. May. 11, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.42% (three month average) |
RSI | 75 |
Latest Price | $50.1600(7.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 7.1% a day on average for past five trading days. |
Weekly Trend | TZA advances 11.1% 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 -2.71% 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 | -2.71% (StdDev 5.42%) |
Hourly BBV | 2.1 () |
Intraday Trend | 7.6% |
| |
|
|