| UGAZ latest price $10.8200 (5.15%) ($10.6100 - $11.2500) on Fri. Jul. 10, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 10.96% (three month average) |
RSI | 53 |
Latest Price | $10.8200(5.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | UGAZ advances 2.5% a day on average for past five trading days. |
Weekly Trend | UGAZ advances 11% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support UGAZ advance at 0% a week (0% probability) IBUY(35%) ARKK(50%) EEM(36%) GDX(72%) GDXJ(60%) |
Factors Impacting UGAZ price | UGAZ will decline at least -5.48% in a week (0% probabilities). SIL(24%) ARKG(18%) XBI(25%) VXX(-21%) ONLN(28%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -5.48% (StdDev 10.96%) |
Hourly BBV | 0 () |
Intraday Trend | 0.1% |
| |
|
|