| FAZ latest price $23.3800 (4.1%) ($22.7000 - $23.9200) on Thu. May. 4, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.18% (three month average) |
RSI | 65 |
Latest Price | $23.3800(4.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 2.4% a day on average for past five trading days. |
Weekly Trend | FAZ advances 4.1% 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) VXX(65%) VIXM(56%) UUP(21%) TBT(13%) SHY(11%) |
Factors Impacting FAZ price | FAZ will decline at least -2.09% in a week (0% probabilities). XLF(-99%) IWD(-92%) VYM(-89%) IVE(-89%) DIA(-89%) |
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 | -2.09% (StdDev 4.18%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.3% |
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