| FAZ latest price $18.3500 (0.49%) ($18.2000 - $18.7000) on Wed. Sep. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.06% (three month average) |
RSI | 50 |
Latest Price | $18.3500(0.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FAZ advances 0.4% a day on average for past five trading days. |
Weekly Trend | FAZ declines -2.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support FAZ advance at 0% a week (0% probability) VXX(63%) VIXM(60%) TBT(29%) UUP(27%) EDOC(9%) |
Factors Impacting FAZ price | FAZ will decline at least -1.03% in a week (0% probabilities). XLF(-99%) IWD(-93%) DIA(-92%) IVE(-91%) VYM(-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 | -1.03% (StdDev 2.06%) |
Hourly BBV | 0.7 () |
Intraday Trend | -0.3% |
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