| FANG latest price $156.7300 (3.15%) ($156.7300 - $156.7300) on Tue. Sep. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.33% (three month average) |
RSI | 73 |
Latest Price | $156.7300(3.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FANG advances 0.3% a day on average for past five trading days. |
Weekly Trend | FANG advances 2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support FANG advance at 0% a week (0% probability) XOP(99%) OIH(84%) USO(84%) UNG(73%) XLE(91%) |
Factors Impacting FANG price | FANG will decline at least -0.665% in a week (0% probabilities). VCIT(-42%) PCY(-29%) INDA(-30%) GDX(-55%) BWX(-53%) |
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 | -0.665% (StdDev 1.33%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0% |
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