| SOXS latest price $11.3800 (2.99%) ($10.9200 - $11.4800) on Thu. Aug. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6% (three month average) |
RSI | 78 |
Latest Price | $11.3800(2.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 2.4% a day on average for past five trading days. |
Weekly Trend | SOXS advances 11.4% 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) VXX(58%) VIXM(51%) TBT(25%) UUP(23%) EDOC(9%) |
Factors Impacting SOXS price | SOXS will decline at least -3% in a week (0% probabilities). FIVG(-91%) QQQ(-88%) XLK(-85%) BOTZ(-82%) VUG(-81%) |
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% (StdDev 6%) |
Hourly BBV | 1.5 () |
Intraday Trend | 3.5% |
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