| FAZ latest price $18.3700 (-3.82%) ($18.2650 - $19.3280) on Mon. Dec. 12, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.08% (three month average) |
RSI | 56 |
Latest Price | $18.3700(-3.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 0.1% a day on average for past five trading days. |
Weekly Trend | FAZ advances 5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support FAZ advance at 0% a week (0% probability) SHY(30%) BNDX(10%) GLD(9%) TBT(6%) VIXM(6%) |
Factors Impacting FAZ price | FAZ will decline at least -2.54% in a week (0% probabilities). IWD(-90%) IVE(-87%) DIA(-85%) SDY(-83%) IWN(-82%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.54% (StdDev 5.08%) |
Hourly BBV | -2.4 () |
Intraday Trend | -3.6% |
| |
|
|