| SYK latest price $286.2700 (0.9%) ($282.5300 - $288.5200) on Mon. Aug. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.25% (three month average) |
RSI | 35 |
Latest Price | $286.2700(0.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SYK advances 0.2% a day on average for past five trading days. |
Weekly Trend | SYK declines -2.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support SYK advance at 0% a week (0% probability) XLY(60%) IVE(56%) ONLN(55%) SPY(53%) IVW(51%) |
Factors Impacting SYK price | SYK will decline at least -0.625% in a week (0% probabilities). VIXM(-43%) UUP(-42%) VXX(-39%) TBT(-13%) BNDX(-5%) |
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 | -0.625% (StdDev 1.25%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0.4% |
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