| TNA latest price $29.2500 (2.67%) ($28.4300 - $29.6800) on Thu. Sep. 28, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.75% (three month average) |
RSI | 34 |
Latest Price | $29.2500(2.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 0.4% a day on average for past five trading days. |
Weekly Trend | TNA declines -6.3% 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(99%) IWO(99%) IFRA(91%) IWD(90%) XRT(89%) |
Factors Impacting TNA price | TNA will decline at least -1.375% in a week (0% probabilities). VXX(-46%) TBT(-37%) VIXM(-36%) UUP(-34%) EDOC(4%) |
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 | -1.375% (StdDev 2.75%) |
Hourly BBV | 1.5 () |
Intraday Trend | 2.8% |
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