| SMH latest price $225.5300 (-3.73%) ($225.5300 - $225.5300) on Fri. Mar. 8, 2024. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.92% (three month average) |
| RSI | 69 |
| Latest Price | $225.5300(-3.73%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | SMH advances 0.4% a day on average for past five trading days. |
| Weekly Trend | SMH advances 5.6% a week on average for past two weeks. |
| Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
| Correlated ETFs | Broad market will support SMH advance at 0% a week (0% probability)
QQQ(87%) IVW(83%) SPY(77%) IWO(66%) IWM(53%) |
| Factors Impacting SMH price | SMH will decline at least -0.96% in a week (0% probabilities).
VXX(-57%) VIXM(-43%) UUP(-24%) TLT(2%) XLE(16%) |
| 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 | -0.96% (StdDev 1.92%) |
| Hourly BBV | -1 () |
| Intraday Trend | 0% |
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