| FAZ latest price $23.3500 (0.86%) ($22.6800 - $23.9700) on Wed. Sep. 14, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.3% (three month average) |
RSI | 59 |
Latest Price | $23.3500(0.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 0.3% a day on average for past five trading days. |
Weekly Trend | FAZ declines -1% 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) UUP(22%) VIXM(20%) TBT(12%) SHY(10%) VXX(3%) |
Factors Impacting FAZ price | FAZ will decline at least -2.15% in a week (0% probabilities). IWD(-93%) IVE(-90%) DIA(-89%) SDY(-87%) SPY(-86%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.15% (StdDev 4.3%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.7% |
| |
|
|