| TZA latest price $52.4600 (8.84%) ($50.6900 - $54.1700) on Mon. Aug. 5, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.19% (three month average) |
RSI | 64 |
Latest Price | $52.4600(8.84%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 3.2% a day on average for past five trading days. |
Weekly Trend | TZA advances 0.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support TZA advance at 0% a week (0% probability) VIXM(6%) UNG(5%) IFRA(4%) IGOV(4%) TLT(4%) |
Factors Impacting TZA price | TZA will decline at least -1.595% in a week (0% probabilities). XLB(-12%) LIT(-12%) EWY(-12%) SDY(-11%) ICLN(-11%) |
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 | -1.595% (StdDev 3.19%) |
Hourly BBV | 0 () |
Intraday Trend | 3.2% |
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