| FAS latest price $68.8800 (0.72%) ($68.3500 - $69.3200) on Fri. Nov. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.63% (three month average) |
RSI | 80 |
Latest Price | $68.8800(0.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAS advances 0.9% a day on average for past five trading days. |
Weekly Trend | FAS advances 6.6% 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(98%) IVE(95%) IWD(94%) DIA(88%) IVW(88%) |
Factors Impacting FAS price | FAS will decline at least -1.315% in a week (0% probabilities). VIXM(-53%) VXX(-52%) UUP(-26%) BNDX(-6%) SHY(4%) |
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 | -1.315% (StdDev 2.63%) |
Hourly BBV | 0 () |
Intraday Trend | 0.8% |
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