| SMH latest price $186.4500 (3.57%) ($181.6160 - $187.2400) on Wed. Nov. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.8% (three month average) |
RSI | 46 |
Latest Price | $186.4500(3.57%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SMH advances 1.5% a day on average for past five trading days. |
Weekly Trend | SMH declines -1.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support SMH advance at 0% a week (0% probability) FIVG(67%) QQQ(66%) IVW(63%) IWF(63%) SPY(60%) |
Factors Impacting SMH price | SMH will decline at least -0.9% in a week (0% probabilities). VIXM(-33%) UUP(-20%) VXX(-13%) TBT(-5%) EDOC(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.9% (StdDev 1.8%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
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