| SMH latest price $115.8800 (10.45%) ($111.4000 - $116.0800) on Tue. Mar. 24, 2020. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 4.25% (three month average) |
| RSI | 41 |
| Latest Price | $115.8800(10.45%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | SMH advances 1% a day on average for past five trading days. |
| Weekly Trend | SMH declines -10.2% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
| Correlated ETFs | Broad market will support SMH advance at 0% a week (0% probability)
FIVG(72%) QQQ(71%) IVW(69%) IWF(69%) SPY(65%) |
| Factors Impacting SMH price | SMH will decline at least -2.125% in a week (0% probabilities).
VIXM(-42%) VXX(-19%) UUP(-16%) IGOV(-4%) TLT(-2%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -2.125% (StdDev 4.25%) |
| Hourly BBV | 1.6 () |
| Intraday Trend | 0% |
| | |
| |
|