| UGAZ latest price $49.3500 (5.27%) ($48.5400 - $50.7900) on Tue. Jan. 28, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7% (three month average) |
RSI | 23 |
Latest Price | $49.3500(5.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | UGAZ advances 0.2% a day on average for past five trading days. |
Weekly Trend | UGAZ declines -17.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support UGAZ advance at 0% a week (0% probability) DRIV(34%) IDRV(33%) XLY(32%) URA(31%) XHB(31%) |
Factors Impacting UGAZ price | UGAZ will decline at least -3.5% in a week (0% probabilities). VIXM(-26%) VXX(-20%) TLT(-18%) TIP(-12%) SHY(-11%) |
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 | -3.5% (StdDev 7%) |
Hourly BBV | 0 () |
Intraday Trend | -0.2% |
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