| TZA latest price $33.7600 (3.08%) ($32.4600 - $34.5000) on Wed. May. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.97% (three month average) |
RSI | 52 |
Latest Price | $33.7600(3.08%) |
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 -1.1% 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) VXX(50%) VIXM(42%) UUP(30%) TBT(29%) IGOV(-7%) |
Factors Impacting TZA price | TZA will decline at least -1.985% in a week (0% probabilities). IWO(-98%) IWN(-98%) IFRA(-89%) XRT(-87%) IWD(-87%) |
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 | -1.985% (StdDev 3.97%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.7% |
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