| SMH latest price $157.6600 (2.89%) ($155.8500 - $158.1000) on Mon. Jul. 6, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.37% (three month average) |
RSI | 67 |
Latest Price | $157.6600(2.89%) |
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 0.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SMH advance at 0% a week (0% probability) FIVG(68%) QQQ(66%) IVW(64%) IWF(64%) SPY(60%) |
Factors Impacting SMH price | SMH will decline at least -1.185% in a week (0% probabilities). VIXM(-33%) UUP(-21%) VXX(-14%) TBT(-5%) IYT(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.185% (StdDev 2.37%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
| |
|
|