| TNA latest price $41.6100 (3.38%) ($40.5100 - $41.6500) on Mon. Jul. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.5% (three month average) |
RSI | 70 |
Latest Price | $41.6100(3.38%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 1.1% a day on average for past five trading days. |
Weekly Trend | TNA advances 2.8% a week on average for past two weeks. |
Market Behavior | Normal 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(90%) IWD(90%) XRT(88%) |
Factors Impacting TNA price | TNA will decline at least -1.75% in a week (0% probabilities). VXX(-51%) VIXM(-41%) TBT(-37%) UUP(-35%) IGOV(9%) |
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 | -1.75% (StdDev 3.5%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2.6% |
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