| URA latest price $17.5000 (-4.63%) ($17.2100 - $18.0000) on Fri. Feb. 26, 2021. |
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| Trend Analysis and Forecast |
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Trend Pattern | Downtrend Reversal |
Trend Narrative | Uptrend Consolidation |
Average Daily Price Swing | $1.25 (7.17% one month average) |
Average Daily Percentage Swing | 3.02% (three month average) |
Weekly Trend Force | 0.1% (StdDev 3.02%) |
Daily Moving Force | -1.4% |
Correction Force | Weak (0%) |
Trend | 0.62% |
Trend Strength | 5.2% |
RSI | 65 |
Momentum | 2.4 |
Latest Price | $17.5000(-4.63%) |
Forecasted Low Price | 17.36(-0.8%) |
Forecasted High Price | 17.82(1.8%) |
Direction of Next Movement | Range(0.7%) |
% Change Needed to Confirm Correction | 1.4% (17.25) |
% Change Needed for Trend Reversal | -3.1% |
Hourly Trend | -1.6% [$18.05(-0.28), $18.09(-0.24)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 4 |
Intraday Reversal Probability | N/A. |
Daily Trend | URA declines -1.1% a day on average for past five trading days. |
Weekly Trend | URA advances 2.5% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support URA decline at-1.1% a week (74% probability) EWJ(67%) EEM(62%) EWY(62%) VWO(61%) DRIV(59%) |
Factors Impacting URA price | URA will advance at least 0.8% in a week (29% probabilities). BND(-33%) SHY(-30%) TLT(-29%) VXX(-27%) TIP(-26%) |
Explanation | The decline is not sustainable and not supported by the broad market. |
Trading Plan | Not Available |
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Valuation to SPY | 0.6 |
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Relative Volatility | 0.9 (options are expensive) |
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Market Trend Strength | -0.2% (StdDev 3.02%) |
Hourly BBV | -0.5 () |
Intraday Trend | -2.1% |
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