| SOXS latest price $12.2000 (5.45%) ($11.7600 - $12.2300) on Thu. Sep. 21, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.92% (three month average) |
RSI | 87 |
Latest Price | $12.2000(5.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 3.9% a day on average for past five trading days. |
Weekly Trend | SOXS advances 10% 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(59%) VIXM(54%) TBT(26%) UUP(20%) GLD(17%) |
Factors Impacting SOXS price | SOXS will decline at least -2.46% in a week (0% probabilities). FIVG(-91%) QQQ(-87%) XLK(-82%) BOTZ(-81%) SPY(-80%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.46% (StdDev 4.92%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.8% |
| |
|
|