| SMH latest price $144.2000 (-2.56%) ($144.0950 - $144.2000) on Wed. May. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.55% (three month average) |
RSI | 76 |
Latest Price | $144.2000(-2.56%) |
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 advances 6.9% 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) XLK(88%) QQQ(87%) FIVG(84%) IVW(81%) VUG(80%) |
Factors Impacting SMH price | SMH will decline at least -3.275% in a week (0% probabilities). VXX(-49%) VIXM(-42%) TBT(-19%) UUP(-18%) BLOK(-10%) |
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 | -3.275% (StdDev 6.55%) |
Hourly BBV | -1.3 () |
Intraday Trend | 0% |
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