| SOXS latest price $43.6000 (4.16%) ($41.0400 - $44.1400) on Wed. Dec. 28, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 8.58% (three month average) |
RSI | 64 |
Latest Price | $43.6000(4.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 2.9% a day on average for past five trading days. |
Weekly Trend | SOXS advances 11.6% a week on average for past two weeks. |
Market Behavior | Broad based 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) EDOC(15%) TBT(7%) UNG(5%) BLOK(4%) SHY(4%) |
Factors Impacting SOXS price | SOXS will decline at least -4.29% in a week (0% probabilities). FIVG(-89%) QQQ(-85%) IWF(-80%) IVW(-77%) SPY(-76%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -4.29% (StdDev 8.58%) |
Hourly BBV | 1.8 () |
Intraday Trend | 2.4% |
| |
|
|