| TNA latest price $34.0000 (-6.1%) ($33.9400 - $35.7100) on Tue. Sep. 5, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.99% (three month average) |
RSI | 45 |
Latest Price | $34.0000(-6.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 0.3% a day on average for past five trading days. |
Weekly Trend | TNA advances 2.6% a week on average for past two weeks. |
Market Behavior | Value stocks 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(99%) IWO(99%) IFRA(91%) IWD(90%) XRT(89%) |
Factors Impacting TNA price | TNA will decline at least -1.495% in a week (0% probabilities). VXX(-47%) VIXM(-37%) TBT(-35%) UUP(-33%) USO(12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.495% (StdDev 2.99%) |
Hourly BBV | -1.5 () |
Intraday Trend | -4.5% |
| |
|
|