| FAS latest price $80.4700 (-1.75%) ($79.1600 - $81.0600) on Fri. Dec. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.7% (three month average) |
RSI | 81 |
Latest Price | $80.4700(-1.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAS advances 2% a day on average for past five trading days. |
Weekly Trend | FAS advances 5.9% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support FAS advance at 0% a week (0% probability) XLF(98%) IWD(95%) VFMO(94%) EWY(93%) IWO(92%) |
Factors Impacting FAS price | FAS will decline at least -1.35% in a week (0% probabilities). VXX(-72%) VIXM(-67%) UUP(-32%) TBT(0%) BNDX(1%) |
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 | -1.35% (StdDev 2.7%) |
Hourly BBV | -0.3 () |
Intraday Trend | 0.6% |
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