| TNA latest price $43.3100 (11.25%) ($43.0900 - $48.5000) on Mon. Nov. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.4% (three month average) |
RSI | 60 |
Latest Price | $43.3100(11.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 5.1% a day on average for past five trading days. |
Weekly Trend | TNA advances 3% 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%) XAR(83%) XLI(83%) VFMO(82%) VYM(81%) |
Factors Impacting TNA price | TNA will decline at least -2.2% in a week (0% probabilities). VIXM(-64%) UUP(-36%) VXX(-25%) EDOC(-9%) TBT(-1%) |
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 | -2.2% (StdDev 4.4%) |
Hourly BBV | 1.1 () |
Intraday Trend | -9.1% |
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