| UGAZ latest price $29.7300 (-14.81%) ($29.0000 - $34.7800) on Thu. Apr. 23, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 10.32% (three month average) |
RSI | 65 |
Latest Price | $29.7300(-14.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | UGAZ advances 2.2% a day on average for past five trading days. |
Weekly Trend | UGAZ advances 8.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support UGAZ advance at 0% a week (0% probability) BLOK(47%) QQQ(33%) REMX(33%) TBT(33%) XME(33%) |
Factors Impacting UGAZ price | UGAZ will decline at least -5.16% in a week (0% probabilities). TLT(-57%) TIP(-34%) VCSH(-25%) VCIT(-20%) IGOV(-20%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -5.16% (StdDev 10.32%) |
Hourly BBV | 0 () |
Intraday Trend | -8.4% |
| |
|
|