| FAS latest price $69.6800 (2.17%) ($68.9550 - $70.8430) on Wed. Nov. 29, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.62% (three month average) |
RSI | 86 |
Latest Price | $69.6800(2.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAS advances 0.6% a day on average for past five trading days. |
Weekly Trend | FAS advances 5.8% 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(97%) IWD(95%) DIA(94%) VYM(88%) |
Factors Impacting FAS price | FAS will decline at least -1.31% in a week (0% probabilities). EDOC(-57%) VIXM(-53%) VXX(-51%) UUP(-27%) BNDX(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.31% (StdDev 2.62%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1% |
| |
|
|