| TME latest price $11.9600 (0.59%) ($11.5900 - $12.0000) on Fri. May. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.82% (three month average) |
RSI | 63 |
Latest Price | $11.9600(0.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TME advances 1.6% a day on average for past five trading days. |
Weekly Trend | TME advances 3.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support TME advance at 0% a week (0% probability) KWEB(75%) MCHI(67%) FXI(66%) ONLN(56%) VWO(56%) |
Factors Impacting TME price | TME will decline at least -1.41% in a week (0% probabilities). VXX(-25%) VIXM(-25%) UUP(-21%) XLU(-7%) TIP(-6%) |
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 | -1.41% (StdDev 2.82%) |
Hourly BBV | 0 () |
Intraday Trend | 2% |
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