| TZA latest price $31.5700 (6.22%) ($30.7600 - $31.8400) on Mon. Aug. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.11% (three month average) |
RSI | 41 |
Latest Price | $31.5700(6.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 3.2% a day on average for past five trading days. |
Weekly Trend | TZA declines -5.2% 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(57%) UUP(41%) TBT(19%) VXX(16%) EDOC(3%) |
Factors Impacting TZA price | TZA will decline at least -2.555% in a week (0% probabilities). VT(-89%) XLI(-88%) XRT(-87%) VYM(-87%) XHB(-86%) |
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 | -2.555% (StdDev 5.11%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.9% |
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