| SMH latest price $139.0300 (4.71%) ($134.5300 - $139.3300) on Wed. Apr. 29, 2020. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 4.76% (three month average) |
| RSI | 62 |
| Latest Price | $139.0300(4.71%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | SMH advances 1.3% a day on average for past five trading days. |
| Weekly Trend | SMH advances 2.6% 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(69%) QQQ(68%) IVW(65%) IWF(65%) SPY(62%) |
| Factors Impacting SMH price | SMH will decline at least -2.38% in a week (0% probabilities).
VIXM(-36%) UUP(-21%) VXX(-15%) IGOV(-4%) TBT(-2%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -2.38% (StdDev 4.76%) |
| Hourly BBV | 2.1 () |
| Intraday Trend | 0% |
| | |
| |
|