| TNA latest price $31.1900 (3.79%) ($30.0300 - $31.5650) on Mon. May. 22, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.88% (three month average) |
RSI | 63 |
Latest Price | $31.1900(3.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 1.1% 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 | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TNA advance at 0% a week (0% probability) IWN(98%) IWO(98%) IFRA(89%) IWD(88%) IWC(86%) |
Factors Impacting TNA price | TNA will decline at least -1.94% in a week (0% probabilities). VXX(-51%) VIXM(-42%) UUP(-29%) TBT(-28%) 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 | -1.94% (StdDev 3.88%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2.8% |
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