| TNA latest price $31.5000 (2.51%) ($30.4500 - $31.5130) on Thu. Dec. 7, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.01% (three month average) |
RSI | 70 |
Latest Price | $31.5000(2.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TNA advances 1.8% a day on average for past five trading days. |
Weekly Trend | TNA advances 6.1% 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) IWO(99%) IFRA(95%) TAN(92%) ARKG(91%) XRT(90%) |
Factors Impacting TNA price | TNA will decline at least -2.005% in a week (0% probabilities). UUP(-24%) VIXM(-23%) VXX(-19%) TBT(-18%) BNDX(2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.005% (StdDev 4.01%) |
Hourly BBV | -0.1 () |
Intraday Trend | 1.7% |
| |
|
|