| FAS latest price $67.0400 (1.62%) ($66.2500 - $67.0900) on Fri. Nov. 17, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.65% (three month average) |
RSI | 90 |
Latest Price | $67.0400(1.62%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAS advances 1.9% a day on average for past five trading days. |
Weekly Trend | FAS advances 7.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support FAS advance at 0% a week (0% probability) XLF(99%) IVE(95%) IWD(95%) SPY(92%) DIA(90%) |
Factors Impacting FAS price | FAS will decline at least -1.325% in a week (0% probabilities). VXX(-49%) UUP(-33%) VIXM(-32%) TBT(-11%) GLD(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.325% (StdDev 2.65%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.4% |
| |
|
|