| TNA latest price $24.8200 (-3.46%) ($24.5600 - $25.8200) on Wed. Nov. 8, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.24% (three month average) |
RSI | 50 |
Latest Price | $24.8200(-3.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 1.4% a day on average for past five trading days. |
Weekly Trend | TNA advances 5.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support TNA advance at 0% a week (0% probability) IWO(99%) IFRA(93%) ARKG(90%) TAN(90%) VFMO(90%) |
Factors Impacting TNA price | TNA will decline at least -1.62% in a week (0% probabilities). UUP(-34%) TBT(-32%) VXX(-17%) VIXM(1%) BNDX(15%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.62% (StdDev 3.24%) |
Hourly BBV | -1.5 () |
Intraday Trend | -3.1% |
| |
|
|