| TNA latest price $35.9400 (5.55%) ($34.6700 - $36.2400) on Wed. Jun. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.25% (three month average) |
RSI | 66 |
Latest Price | $35.9400(5.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 4.6% a day on average for past five trading days. |
Weekly Trend | TNA advances 4.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off 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(87%) PAVE(87%) |
Factors Impacting TNA price | TNA will decline at least -2.125% in a week (0% probabilities). VXX(-49%) VIXM(-41%) UUP(-29%) TBT(-29%) BLOK(6%) |
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 | -2.125% (StdDev 4.25%) |
Hourly BBV | 1.4 () |
Intraday Trend | 3.7% |
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