| SOXS latest price $44.9900 (5.88%) ($42.2600 - $45.2000) on Mon. Aug. 29, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.85% (three month average) |
RSI | 53 |
Latest Price | $44.9900(5.88%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 1.6% a day on average for past five trading days. |
Weekly Trend | SOXS advances 6.1% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXS advance at 0% a week (0% probability) UUP(22%) VIXM(15%) TBT(12%) EDOC(8%) VXX(6%) |
Factors Impacting SOXS price | SOXS will decline at least -3.925% in a week (0% probabilities). FIVG(-92%) QQQ(-88%) IWF(-86%) IVW(-84%) SPY(-83%) |
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 | -3.925% (StdDev 7.85%) |
Hourly BBV | 1.2 () |
Intraday Trend | 2.7% |
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