| FANG latest price $131.7000 (1.28%) ($131.7000 - $131.7000) on Fri. Jun. 30, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.01% (three month average) |
RSI | 43 |
Latest Price | $131.7000(1.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 1% a day on average for past five trading days. |
Weekly Trend | FANG declines -0.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) XOP(87%) XLE(85%) OIH(80%) USO(67%) XME(52%) |
Factors Impacting FANG price | FANG will decline at least -1.005% in a week (0% probabilities). VXX(-23%) VIXM(-19%) XLP(-15%) XLV(-12%) EDOC(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.005% (StdDev 2.01%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
| |
|
|