| UGAZ latest price $70.4700 (1.08%) ($65.6900 - $71.3300) on Thu. Jan. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.02% (three month average) |
RSI | 36 |
Latest Price | $70.4700(1.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | UGAZ advances 0.8% a day on average for past five trading days. |
Weekly Trend | UGAZ declines -7.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support UGAZ advance at 0% a week (0% probability) DRIV(33%) IDRV(32%) XHB(31%) XLY(31%) XRT(31%) |
Factors Impacting UGAZ price | UGAZ will decline at least -3.51% in a week (0% probabilities). VIXM(-26%) VXX(-20%) SHY(-19%) TLT(-18%) TIP(-12%) |
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 | -3.51% (StdDev 7.02%) |
Hourly BBV | 0 () |
Intraday Trend | 3.9% |
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