| TZA latest price $23.2000 (4.04%) ($22.8900 - $23.5600) on Wed. Aug. 2, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.42% (three month average) |
RSI | 46 |
Latest Price | $23.2000(4.04%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 0.4% a day on average for past five trading days. |
Weekly Trend | TZA declines -1.5% 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(52%) VIXM(42%) TBT(37%) UUP(35%) IGOV(-9%) |
Factors Impacting TZA price | TZA will decline at least -1.71% in a week (0% probabilities). IWO(-98%) IWN(-98%) IWD(-90%) IFRA(-90%) XRT(-88%) |
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 | -1.71% (StdDev 3.42%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.6% |
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