| FANG latest price $28.1200 (1.48%) ($27.8500 - $29.4700) on Tue. Nov. 3, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.65% (three month average) |
RSI | 41 |
Latest Price | $28.1200(1.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 1.2% a day on average for past five trading days. |
Weekly Trend | FANG declines -5.1% 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 FANG advance at 0% a week (0% probability) OIH(81%) XLE(78%) XOP(78%) IWN(56%) IWD(52%) |
Factors Impacting FANG price | FANG will decline at least -1.825% in a week (0% probabilities). VIXM(-29%) UUP(-16%) TLT(-16%) BNDX(-12%) VXX(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.825% (StdDev 3.65%) |
Hourly BBV | 0 () |
Intraday Trend | -2.1% |
| |
|
|