| SMH latest price $283.5100 (2.77%) ($283.5100 - $283.5100) on Wed. Feb. 2, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.15% (three month average) |
RSI | 37 |
Latest Price | $283.5100(2.77%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SMH advances 1.2% a day on average for past five trading days. |
Weekly Trend | SMH declines -4.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SMH advance at 0% a week (0% probability) QQQ(62%) FIVG(61%) IVW(59%) IWF(58%) SPY(56%) |
Factors Impacting SMH price | SMH will decline at least -1.075% in a week (0% probabilities). VIXM(-25%) UUP(-17%) VXX(-7%) TBT(-7%) UNG(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.075% (StdDev 2.15%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
| |
|
|