| TNA latest price $40.2500 (3.82%) ($39.6500 - $40.5300) on Fri. Jul. 28, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.48% (three month average) |
RSI | 70 |
Latest Price | $40.2500(3.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 0.6% a day on average for past five trading days. |
Weekly Trend | TNA advances 2.9% 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%) XRT(88%) |
Factors Impacting TNA price | TNA will decline at least -1.74% in a week (0% probabilities). VXX(-51%) VIXM(-41%) TBT(-38%) UUP(-35%) EDOC(8%) |
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 | -1.74% (StdDev 3.48%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0.8% |
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