| TBT latest price $28.0200 (-4.92%) ($28.0200 - $29.0300) on Tue. May. 2, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.43% (three month average) |
RSI | 55 |
Latest Price | $28.0200(-4.92%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | TBT advances 0.3% a day on average for past five trading days. |
Weekly Trend | TBT declines -0.1% 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 TBT advance at 0% a week (0% probability) UUP(21%) VIXM(15%) VXX(15%) USO(11%) EDOC(8%) |
Factors Impacting TBT price | TBT will decline at least -1.215% in a week (0% probabilities). TLT(-99%) LQD(-94%) VCIT(-90%) TIP(-87%) PCY(-80%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.215% (StdDev 2.43%) |
Hourly BBV | -0.6 () |
Intraday Trend | -3.3% |
| |
|
|