| FAZ latest price $17.4600 (-4.59%) ($17.4300 - $18.3900) on Fri. Jan. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.91% (three month average) |
RSI | 38 |
Latest Price | $17.4600(-4.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 0.9% a day on average for past five trading days. |
Weekly Trend | FAZ declines -4% 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) VIXM(59%) SHY(38%) VXX(28%) GLD(18%) BNDX(16%) |
Factors Impacting FAZ price | FAZ will decline at least -1.955% in a week (0% probabilities). IWD(-90%) VYM(-87%) IVE(-86%) DIA(-85%) XLI(-81%) |
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 | -1.955% (StdDev 3.91%) |
Hourly BBV | -0.6 () |
Intraday Trend | -3.6% |
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