| TNA latest price $39.6100 (-2.49%) ($39.0750 - $40.7200) on Thu. Jul. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.6% (three month average) |
RSI | 65 |
Latest Price | $39.6100(-2.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 0.5% a day on average for past five trading days. |
Weekly Trend | TNA advances 6.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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%) XRT(87%) |
Factors Impacting TNA price | TNA will decline at least -1.8% in a week (0% probabilities). VXX(-50%) VIXM(-40%) TBT(-39%) UUP(-36%) IGOV(14%) |
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 | -1.8% (StdDev 3.6%) |
Hourly BBV | -1.2 () |
Intraday Trend | -2.7% |
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