| TME latest price $15.9300 (1.92%) ($15.7274 - $16.0500) on Tue. Sep. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.62% (three month average) |
RSI | 57 |
Latest Price | $15.9300(1.92%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TME advances 0.4% a day on average for past five trading days. |
Weekly Trend | TME advances 4.7% a week on average for past two weeks. |
Market Behavior | Growth stock 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(76%) FXI(68%) MCHI(68%) VWO(59%) EEM(58%) |
Factors Impacting TME price | TME will decline at least -1.31% 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 | -1.31% (StdDev 2.62%) |
Hourly BBV | 0 () |
Intraday Trend | 0.8% |
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