| FANG latest price $74.1700 (2.8%) ($74.1700 - $74.1700) on Tue. Aug. 24, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.2% (three month average) |
RSI | 46 |
Latest Price | $74.1700(2.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.7% a day on average for past five trading days. |
Weekly Trend | FANG declines -5.2% a week on average for past two weeks. |
Market Behavior | Value stock 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(82%) XLE(71%) XOP(71%) USO(51%) IWD(50%) |
Factors Impacting FANG price | FANG will decline at least -1.6% in a week (0% probabilities). VIXM(-26%) UUP(-20%) SHY(-13%) TLT(-11%) BNDX(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.6% (StdDev 3.2%) |
Hourly BBV | 1 () |
Intraday Trend | 0% |
| |
|
|