| GOOS latest price $23.9300 (3.15%) ($22.8200 - $23.9600) on Fri. Aug. 7, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.88% (three month average) |
RSI | 65 |
Latest Price | $23.9300(3.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | GOOS advances 1.5% a day on average for past five trading days. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support GOOS advance at 0% a week (0% probability) IWM(58%) IWO(58%) IBUY(56%) IWC(55%) PEJ(54%) |
Factors Impacting GOOS price | GOOS will decline at least -1.94% in a week (0% probabilities). VIXM(-36%) UUP(-26%) VXX(-13%) IGOV(-4%) IYT(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.94% (StdDev 3.88%) |
Hourly BBV | 0 () |
Intraday Trend | 3.3% |
| |
|
|