| SMH latest price $234.2750 (3.48%) ($234.2750 - $234.2750) on Thu. Mar. 7, 2024. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 1.84% (three month average) |
| RSI | 75 |
| Latest Price | $234.2750(3.48%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | SMH advances 2% a day on average for past five trading days. |
| Weekly Trend | SMH advances 5.8% 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)
QQQ(87%) IVW(83%) SPY(77%) IWO(64%) IWM(52%) |
| Factors Impacting SMH price | SMH will decline at least -0.92% in a week (0% probabilities).
VXX(-57%) VIXM(-42%) UUP(-24%) TLT(2%) XLE(16%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -0.92% (StdDev 1.84%) |
| Hourly BBV | 1.3 () |
| Intraday Trend | 0% |
| | |
| |
|