Largest Negative Opening Gaps for TZA

How does TZA usually behave after a large gap-down move?

Using the 12 largest gap-down moves over the last 3 years in TZA stock, the average move was -9.1% with the single largest opening gap of -16.1% occurring on 6-Nov-2024. Following the opening, TZA tended to drift higher to the closing price 67% of the time for an average gain of +1.7%. The following day, TZA stock price averaged -2.7% losses, with down moves exceeding up moves. The stock was down 75% of the time in that period one day after these significant gaps.

Open-to-High and Open-to-Low

The largest percentage gain from the open to the high of the day was +25.0% on 8-Apr-2025, while the biggest drop from the open to the low was -8.2% on 14-Nov-2023. On average, the TZA stock price gain from the opening price to the highest point of the day was +5.7%, and the average drop to the lowest point was -2.4%.

Day Drift Open-to-Close

The best performance in TZA stock price from opening price to closing price (referred to as the "drift" for the day) was on 8-Apr-2025 for a +20.4% gain after the stock gapped down -10.3% at the open. The worst worst return from the opening price to the closing price was on 14-Nov-2023 when the stock lost -8.2% after the stock gapped down -9.0%. Overall in the 12 available observations, the stock drifted higher 67% of the time for an average gain of +1.7%.