| TNA latest price $36.3400 (7.1%) ($34.7100 - $36.5500) on Thu. Jul. 7, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6% (three month average) |
RSI | 54 |
Latest Price | $36.3400(7.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 1.7% a day on average for past five trading days. |
Weekly Trend | TNA advances 3.5% a week on average for past two weeks. |
Market Behavior | Broad based 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(89%) VYM(87%) XLI(87%) XRT(86%) XHB(85%) |
Factors Impacting TNA price | TNA will decline at least -3% in a week (0% probabilities). VIXM(-57%) UUP(-41%) VXX(-16%) TBT(-16%) EDOC(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3% (StdDev 6%) |
Hourly BBV | 1.3 () |
Intraday Trend | 4.7% |
| |
|
|