| FAS latest price $74.4800 (2.06%) ($73.1200 - $74.8000) on Mon. Dec. 11, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.64% (three month average) |
RSI | 77 |
Latest Price | $74.4800(2.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAS advances 0.3% a day on average for past five trading days. |
Weekly Trend | FAS advances 3% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support FAS advance at 0% a week (0% probability) XLF(98%) IWD(96%) VFMO(95%) IWO(91%) QQQ(91%) |
Factors Impacting FAS price | FAS will decline at least -1.32% in a week (0% probabilities). VXX(-72%) VIXM(-65%) UUP(-33%) BNDX(-4%) TBT(9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.32% (StdDev 2.64%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.9% |
| |
|
|