| FANG latest price $135.3900 (-2.99%) ($135.3900 - $135.3900) on Fri. Jul. 14, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.96% (three month average) |
RSI | 70 |
Latest Price | $135.3900(-2.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.4% a day on average for past five trading days. |
Weekly Trend | FANG advances 3.7% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) XOP(87%) XLE(84%) OIH(80%) USO(68%) IWN(51%) |
Factors Impacting FANG price | FANG will decline at least -0.98% in a week (0% probabilities). VXX(-26%) VIXM(-20%) XLP(-17%) XLV(-13%) GLD(-6%) |
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 | -0.98% (StdDev 1.96%) |
Hourly BBV | -1.5 () |
Intraday Trend | 0% |
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