| TZA latest price $27.5500 (-1.4%) ($27.2900 - $28.8000) on Fri. Aug. 18, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.24% (three month average) |
RSI | 94 |
Latest Price | $27.5500(-1.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 2.1% a day on average for past five trading days. |
Weekly Trend | TZA advances 8.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support TZA advance at 0% a week (0% probability) VXX(50%) VIXM(40%) TBT(37%) UUP(34%) IGOV(-7%) |
Factors Impacting TZA price | TZA will decline at least -1.62% in a week (0% probabilities). IWO(-99%) IWN(-99%) 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 | -1.62% (StdDev 3.24%) |
Hourly BBV | 0.7 () |
Intraday Trend | -3.9% |
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