| SOXS latest price $10.8400 (7.01%) ($10.4800 - $10.9200) on Fri. Aug. 11, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.93% (three month average) |
RSI | 60 |
Latest Price | $10.8400(7.01%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 3.2% a day on average for past five trading days. |
Weekly Trend | SOXS advances 5.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SOXS advance at 0% a week (0% probability) VXX(61%) VIXM(54%) TBT(25%) UUP(23%) GLD(2%) |
Factors Impacting SOXS price | SOXS will decline at least -2.965% in a week (0% probabilities). FIVG(-91%) QQQ(-89%) XLK(-86%) BOTZ(-84%) VUG(-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 | -2.965% (StdDev 5.93%) |
Hourly BBV | 1.5 () |
Intraday Trend | 3.2% |
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