| FAZ latest price $22.6500 (3.99%) ($22.2200 - $22.7800) on Wed. May. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.31% (three month average) |
RSI | 44 |
Latest Price | $22.6500(3.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 1.3% a day on average for past five trading days. |
Weekly Trend | FAZ declines -1.4% 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(62%) VIXM(55%) UUP(24%) TBT(20%) SHY(-1%) |
Factors Impacting FAZ price | FAZ will decline at least -2.155% in a week (0% probabilities). XLF(-99%) IWD(-91%) IVE(-88%) DIA(-88%) VYM(-87%) |
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 | -2.155% (StdDev 4.31%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.8% |
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