| SMH latest price $183.6800 (2.7%) ($179.3800 - $184.6100) on Wed. Sep. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.66% (three month average) |
RSI | 74 |
Latest Price | $183.6800(2.7%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SMH advances 0.9% a day on average for past five trading days. |
Weekly Trend | SMH advances 1.8% 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(67%) QQQ(66%) IVW(64%) IWF(63%) SPY(60%) |
Factors Impacting SMH price | SMH will decline at least -0.83% in a week (0% probabilities). VIXM(-33%) UUP(-21%) VXX(-13%) TBT(-5%) EDOC(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.83% (StdDev 1.66%) |
Hourly BBV | 1.8 () |
Intraday Trend | 0% |
| |
|
|