| TNA latest price $51.5400 (1.94%) ($50.0000 - $51.8100) on Thu. Aug. 18, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.94% (three month average) |
RSI | 75 |
Latest Price | $51.5400(1.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 0.7% a day on average for past five trading days. |
Weekly Trend | TNA advances 9.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support TNA advance at 0% a week (0% probability) VT(89%) XLI(88%) VYM(87%) XRT(87%) XHB(86%) |
Factors Impacting TNA price | TNA will decline at least -2.47% in a week (0% probabilities). VIXM(-57%) UUP(-41%) TBT(-19%) VXX(-16%) EDOC(-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 | -2.47% (StdDev 4.94%) |
Hourly BBV | 0.2 () |
Intraday Trend | 1.6% |
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