| SMH latest price $193.9200 (4.01%) ($191.0100 - $194.2700) on Thu. Nov. 5, 2020. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.87% (three month average) |
| RSI | 56 |
| Latest Price | $193.9200(4.01%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | SMH advances 1.8% a day on average for past five trading days. |
| Weekly Trend | SMH declines -0.6% 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(67%) QQQ(66%) IVW(63%) IWF(63%) SPY(60%) |
| Factors Impacting SMH price | SMH will decline at least -0.935% in a week (0% probabilities).
VIXM(-33%) UUP(-20%) VXX(-13%) TBT(-6%) EDOC(-3%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.935% (StdDev 1.87%) |
| Hourly BBV | 1.4 () |
| Intraday Trend | 0% |
| | |
| |
|