| SOXS latest price $40.7500 (-0.2%) ($40.2800 - $42.2200) on Wed. Aug. 24, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.7% (three month average) |
RSI | 61 |
Latest Price | $40.7500(-0.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 1.8% a day on average for past five trading days. |
Weekly Trend | SOXS advances 2.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support SOXS advance at 0% a week (0% probability) UUP(21%) VIXM(15%) TBT(12%) EDOC(7%) VXX(6%) |
Factors Impacting SOXS price | SOXS will decline at least -3.85% in a week (0% probabilities). FIVG(-92%) QQQ(-88%) IWF(-86%) IVW(-84%) SPY(-82%) |
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 | -3.85% (StdDev 7.7%) |
Hourly BBV | -0.1 () |
Intraday Trend | -0.7% |
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