| TZA latest price $35.3400 (2.41%) ($34.9000 - $36.3300) on Fri. Dec. 16, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.48% (three month average) |
RSI | 60 |
Latest Price | $35.3400(2.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 1.2% a day on average for past five trading days. |
Weekly Trend | TZA advances 4.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support TZA advance at 0% a week (0% probability) VIXM(54%) UUP(24%) VXX(17%) TBT(11%) CEMB(2%) |
Factors Impacting TZA price | TZA will decline at least -2.74% in a week (0% probabilities). XRT(-85%) XLI(-84%) VYM(-84%) VT(-84%) VFMO(-83%) |
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 | 1.1 () |
Intraday Trend | -0.6% |
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