| TNA latest price $32.8600 (10.79%) ($30.5600 - $32.9100) on Fri. Jun. 2, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.12% (three month average) |
RSI | 65 |
Latest Price | $32.8600(10.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 2.6% a day on average for past five trading days. |
Weekly Trend | TNA advances 1.2% 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) IWN(98%) IWO(98%) IFRA(89%) IWD(88%) PAVE(87%) |
Factors Impacting TNA price | TNA will decline at least -2.06% in a week (0% probabilities). VXX(-50%) VIXM(-41%) UUP(-30%) TBT(-29%) BLOK(7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.06% (StdDev 4.12%) |
Hourly BBV | 1.8 () |
Intraday Trend | 6.3% |
| |
|
|