| TZA latest price $24.5800 (2.37%) ($24.1100 - $24.9050) on Wed. Aug. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.31% (three month average) |
RSI | 60 |
Latest Price | $24.5800(2.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TZA advances 1.2% a day on average for past five trading days. |
Weekly Trend | TZA advances 1.6% 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) VXX(50%) VIXM(41%) TBT(36%) UUP(34%) IGOV(-7%) |
Factors Impacting TZA price | TZA will decline at least -1.655% in a week (0% probabilities). IWO(-98%) IWN(-98%) IWD(-90%) IFRA(-90%) XRT(-88%) |
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 | -1.655% (StdDev 3.31%) |
Hourly BBV | 0.6 () |
Intraday Trend | 1.9% |
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