| TZA latest price $24.0100 (1.95%) ($23.9400 - $24.9500) on Tue. Aug. 8, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.3% (three month average) |
RSI | 61 |
Latest Price | $24.0100(1.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 1.5% a day on average for past five trading days. |
Weekly Trend | TZA advances 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(41%) TBT(36%) UUP(34%) EDOC(-4%) |
Factors Impacting TZA price | TZA will decline at least -1.65% 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 | -1.65% (StdDev 3.3%) |
Hourly BBV | 0.4 () |
Intraday Trend | -1.5% |
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