| SOXS latest price $10.7700 (-1.64%) ($10.6700 - $11.2400) on Thu. Jun. 22, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.55% (three month average) |
RSI | 36 |
Latest Price | $10.7700(-1.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 1.7% a day on average for past five trading days. |
Weekly Trend | SOXS declines -6.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXS advance at 0% a week (0% probability) VXX(53%) VIXM(49%) UUP(25%) TBT(22%) BLOK(10%) |
Factors Impacting SOXS price | SOXS will decline at least -2.775% in a week (0% probabilities). SMH(-99%) FIVG(-88%) QQQ(-85%) XLK(-84%) VUG(-79%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.775% (StdDev 5.55%) |
Hourly BBV | 0.7 () |
Intraday Trend | -3.8% |
| |
|
|