| TME latest price $26.9300 (4.7%) ($26.0600 - $26.9781) on Mon. Mar. 1, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.82% (three month average) |
RSI | 54 |
Latest Price | $26.9300(4.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TME advances 1.6% a day on average for past five trading days. |
Weekly Trend | TME declines -0.6% 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(80%) MCHI(74%) FXI(73%) VWO(67%) EEM(66%) |
Factors Impacting TME price | TME will decline at least -1.91% in a week (0% probabilities). VIXM(-35%) VXX(-31%) UUP(-22%) XLU(-10%) TIP(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.91% (StdDev 3.82%) |
Hourly BBV | 0 () |
Intraday Trend | 1.6% |
| |
|
|