| SOXS latest price $613.2000 (-4.02%) ($587.6400 - $635.1700) on Tue. Aug. 6, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.65% (three month average) |
RSI | 55 |
Latest Price | $613.2000(-4.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 5.5% a day on average for past five trading days. |
Weekly Trend | SOXS advances 6.2% 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 SOXS advance at 0% a week (0% probability) VIXM(14%) VXX(8%) TLT(5%) UUP(5%) IFRA(4%) |
Factors Impacting SOXS price | SOXS will decline at least -2.825% in a week (0% probabilities). FIVG(-23%) EWJ(-21%) SPY(-20%) SMH(-20%) QQQ(-20%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.825% (StdDev 5.65%) |
Hourly BBV | 0 () |
Intraday Trend | 1.4% |
| |
|
|