| TZA latest price $34.4900 (4.29%) ($32.6600 - $35.0200) on Tue. Aug. 30, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.06% (three month average) |
RSI | 65 |
Latest Price | $34.4900(4.29%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 2% a day on average for past five trading days. |
Weekly Trend | TZA advances 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(57%) UUP(41%) TBT(18%) VXX(16%) EDOC(5%) |
Factors Impacting TZA price | TZA will decline at least -2.53% in a week (0% probabilities). VT(-89%) XRT(-88%) XLI(-88%) VYM(-87%) XHB(-86%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.53% (StdDev 5.06%) |
Hourly BBV | 1.3 () |
Intraday Trend | 5.3% |
| |
|
|