| TME latest price $15.2500 (1.6%) ($14.8800 - $15.5200) on Mon. Aug. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.7% (three month average) |
RSI | 39 |
Latest Price | $15.2500(1.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TME advances 1.3% a day on average for past five trading days. |
Weekly Trend | TME declines -4.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support TME advance at 0% a week (0% probability) KWEB(76%) FXI(68%) MCHI(68%) VWO(59%) EEM(58%) |
Factors Impacting TME price | TME will decline at least -1.35% in a week (0% probabilities). VIXM(-28%) VXX(-27%) UUP(-22%) XLU(-8%) TIP(-8%) |
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 | -1.35% (StdDev 2.7%) |
Hourly BBV | 0 () |
Intraday Trend | 0.1% |
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