| TNA latest price $30.9800 (4.98%) ($29.4050 - $31.0500) on Mon. Aug. 3, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.55% (three month average) |
RSI | 69 |
Latest Price | $30.9800(4.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 0.8% a day on average for past five trading days. |
Weekly Trend | TNA advances 2.6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TNA advance at 0% a week (0% probability) VT(87%) XLI(83%) XAR(82%) VFMO(81%) VYM(81%) |
Factors Impacting TNA price | TNA will decline at least -3.275% in a week (0% probabilities). VIXM(-63%) UUP(-36%) VXX(-25%) IGOV(-3%) XLC(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.275% (StdDev 6.55%) |
Hourly BBV | 1.4 () |
Intraday Trend | 3.2% |
| |
|
|