| TME latest price $12.2000 (-2.79%) ($11.8400 - $12.8000) on Wed. May. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.85% (three month average) |
RSI | 60 |
Latest Price | $12.2000(-2.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TME advances 0.8% a day on average for past five trading days. |
Weekly Trend | TME advances 6.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TME advance at 0% a week (0% probability) KWEB(75%) MCHI(67%) FXI(65%) ONLN(56%) VWO(56%) |
Factors Impacting TME price | TME will decline at least -1.425% in a week (0% probabilities). VXX(-25%) VIXM(-25%) UUP(-21%) XLU(-8%) 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 | -1.425% (StdDev 2.85%) |
Hourly BBV | 0 () |
Intraday Trend | -3.9% |
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