| FANG latest price $53.9200 (-9.86%) ($53.3011 - $57.2700) on Tue. Jun. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.25% (three month average) |
RSI | 73 |
Latest Price | $53.9200(-9.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 3.3% a day on average for past five trading days. |
Weekly Trend | FANG advances 10.9% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) OIH(83%) XOP(81%) XLE(80%) IWN(61%) IWD(57%) |
Factors Impacting FANG price | FANG will decline at least -4.125% in a week (0% probabilities). VIXM(-33%) TLT(-19%) UUP(-16%) VXX(-13%) BNDX(-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 | -4.125% (StdDev 8.25%) |
Hourly BBV | 0 () |
Intraday Trend | -5.8% |
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