| FAZ latest price $25.9600 (-0.8%) ($24.5580 - $26.0270) on Tue. May. 5, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 13.57% (three month average) |
RSI | 45 |
Latest Price | $25.9600(-0.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 1% a day on average for past five trading days. |
Weekly Trend | FAZ declines -7.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support FAZ advance at 0% a week (0% probability) TLT(11%) TIP(9%) LQD(7%) BND(6%) BNDX(6%) |
Factors Impacting FAZ price | FAZ will decline at least -6.785% in a week (0% probabilities). XME(-11%) TBT(-11%) XLF(-10%) VYM(-10%) SDY(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -6.785% (StdDev 13.57%) |
Hourly BBV | -0.6 () |
Intraday Trend | 4.9% |
| |
|
|