| FAZ latest price $20.5200 (6.16%) ($19.6300 - $20.6600) on Fri. Aug. 19, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.56% (three month average) |
RSI | 31 |
Latest Price | $20.5200(6.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 1.1% a day on average for past five trading days. |
Weekly Trend | FAZ declines -8.9% 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) UUP(23%) VIXM(23%) TBT(12%) SHY(9%) EDOC(5%) |
Factors Impacting FAZ price | FAZ will decline at least -2.28% in a week (0% probabilities). IWD(-93%) IVE(-90%) DIA(-89%) SDY(-88%) SPY(-87%) |
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 | -2.28% (StdDev 4.56%) |
Hourly BBV | 1.6 () |
Intraday Trend | 4.5% |
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