| SOXS latest price $48.7600 (-5.17%) ($48.3400 - $53.9900) on Thu. Sep. 8, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.7% (three month average) |
RSI | 73 |
Latest Price | $48.7600(-5.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 0.3% a day on average for past five trading days. |
Weekly Trend | SOXS advances 15.1% 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) UUP(21%) VIXM(12%) TBT(11%) EDOC(10%) VXX(6%) |
Factors Impacting SOXS price | SOXS will decline at least -3.85% in a week (0% probabilities). FIVG(-91%) QQQ(-87%) IWF(-85%) IVW(-83%) SPY(-82%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.85% (StdDev 7.7%) |
Hourly BBV | -1.4 () |
Intraday Trend | -7.7% |
| |
|
|