| TZA latest price $38.3100 (6.3%) ($36.3000 - $38.3300) on Thu. Jun. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.48% (three month average) |
RSI | 38 |
Latest Price | $38.3100(6.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 1.4% a day on average for past five trading days. |
Weekly Trend | TZA declines -9% 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(61%) UUP(40%) TBT(17%) VXX(16%) EDOC(-12%) |
Factors Impacting TZA price | TZA will decline at least -2.74% in a week (0% probabilities). VT(-90%) XLI(-88%) XRT(-87%) VYM(-87%) XHB(-86%) |
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 | -2.74% (StdDev 5.48%) |
Hourly BBV | 2 () |
Intraday Trend | 4.5% |
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