| FANG latest price $56.7600 (-0.05%) ($55.6300 - $58.4000) on Fri. Jan. 8, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.8% (three month average) |
RSI | 70 |
Latest Price | $56.7600(-0.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 3.2% a day on average for past five trading days. |
Weekly Trend | FANG advances 9.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) OIH(79%) XOP(75%) XLE(74%) USO(53%) IWN(52%) |
Factors Impacting FANG price | FANG will decline at least -2.9% in a week (0% probabilities). VIXM(-27%) UUP(-19%) TLT(-14%) VXX(-12%) SHY(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.9% (StdDev 5.8%) |
Hourly BBV | 0 () |
Intraday Trend | -0.8% |
| |
|
|