| FAZ latest price $45.0553 (7.39%) ($42.9889 - $45.6216) on Mon. Jun. 27, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.23% (three month average) |
RSI | 77 |
Latest Price | $45.0553(7.39%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 3.1% a day on average for past five trading days. |
Weekly Trend | FAZ advances 4.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support FAZ advance at 0% a week (0% probability) TLT(12%) VIXM(10%) TIP(7%) UUP(6%) BNDX(4%) |
Factors Impacting FAZ price | FAZ will decline at least -1.615% in a week (0% probabilities). XLF(-16%) VYM(-16%) SDY(-16%) IWD(-16%) IVE(-16%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.615% (StdDev 3.23%) |
Hourly BBV | 0 () |
Intraday Trend | 4.4% |
| |
|
|