| FAZ latest price $20.3900 (12.28%) ($18.4200 - $20.6700) on Thu. Mar. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.27% (three month average) |
RSI | 84 |
Latest Price | $20.3900(12.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 3.3% a day on average for past five trading days. |
Weekly Trend | FAZ advances 3.7% 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) VIXM(59%) SHY(41%) VXX(28%) GLD(21%) BNDX(19%) |
Factors Impacting FAZ price | FAZ will decline at least -1.635% 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 | -1.635% (StdDev 3.27%) |
Hourly BBV | 2.3 () |
Intraday Trend | 9.9% |
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