| TNA latest price $34.9800 (4.73%) ($33.0200 - $35.0400) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.57% (three month average) |
RSI | 73 |
Latest Price | $34.9800(4.73%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 3.4% a day on average for past five trading days. |
Weekly Trend | TNA advances 5.9% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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 -3.285% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -3.285% (StdDev 6.57%) |
Hourly BBV | 1.7 () |
Intraday Trend | 5.4% |
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