| SAGE latest price $59.2300 (1.22%) ($58.2200 - $59.9000) on Wed. Sep. 16, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.13% (three month average) |
RSI | 77 |
Latest Price | $59.2300(1.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SAGE advances 2.7% a day on average for past five trading days. |
Weekly Trend | SAGE advances 7.7% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SAGE advance at 0% a week (0% probability) IBB(48%) IWO(45%) IWC(43%) IWM(41%) XBI(41%) |
Factors Impacting SAGE price | SAGE will decline at least -1.565% in a week (0% probabilities). VIXM(-26%) UUP(-12%) VXX(-8%) IGOV(-5%) EDOC(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.565% (StdDev 3.13%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
| |
|
|