| UGAZ latest price $5850.0000 (-4.1%) ($5725.0000 - $6450.0000) on Mon. Jan. 4, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.8% (three month average) |
RSI | 62 |
Latest Price | $5850.0000(-4.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | UGAZ advances 4.9% a day on average for past five trading days. |
Weekly Trend | UGAZ advances 29.4% 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 UGAZ advance at 0% a week (0% probability) XOP(15%) XLE(13%) LIT(12%) PEJ(12%) IVE(11%) |
Factors Impacting UGAZ price | UGAZ will decline at least -3.9% in a week (0% probabilities). TLT(-8%) UUP(-5%) SHY(-5%) TIP(-4%) IGOV(-3%) |
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 | -3.9% (StdDev 7.8%) |
Hourly BBV | 0 () |
Intraday Trend | -7.1% |
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