| TNA latest price $37.7600 (3.28%) ($37.5000 - $38.4700) on Wed. Jul. 12, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.6% (three month average) |
RSI | 61 |
Latest Price | $37.7600(3.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 1.9% a day on average for past five trading days. |
Weekly Trend | TNA advances 3.6% 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(89%) PAVE(87%) |
Factors Impacting TNA price | TNA will decline at least -1.8% in a week (0% probabilities). VXX(-51%) VIXM(-42%) TBT(-39%) UUP(-36%) EDOC(6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.8% (StdDev 3.6%) |
Hourly BBV | 1.3 () |
Intraday Trend | -1.3% |
| |
|
|