| TZA latest price $32.7500 (1.17%) ($31.6050 - $33.1360) on Tue. May. 30, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4% (three month average) |
RSI | 46 |
Latest Price | $32.7500(1.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 1% a day on average for past five trading days. |
Weekly Trend | TZA declines -1.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support TZA advance at 0% a week (0% probability) VXX(50%) VIXM(42%) UUP(30%) TBT(29%) IGOV(-7%) |
Factors Impacting TZA price | TZA will decline at least -2% in a week (0% probabilities). IWO(-98%) IWN(-98%) IFRA(-89%) XRT(-87%) IWD(-87%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2% (StdDev 4%) |
Hourly BBV | -0.5 () |
Intraday Trend | 2.2% |
| |
|
|