| SMH latest price $198.4250 (-0.52%) ($198.3200 - $201.3600) on Wed. Nov. 18, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.95% (three month average) |
RSI | 70 |
Latest Price | $198.4250(-0.52%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SMH advances 0.3% a day on average for past five trading days. |
Weekly Trend | SMH advances 4.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SMH advance at 0% a week (0% probability) FIVG(66%) QQQ(65%) IVW(62%) IWF(62%) SPY(59%) |
Factors Impacting SMH price | SMH will decline at least -0.975% in a week (0% probabilities). VIXM(-32%) UUP(-20%) VXX(-13%) TBT(-5%) EDOC(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.975% (StdDev 1.95%) |
Hourly BBV | -1.1 () |
Intraday Trend | 0% |
| |
|
|