| SMH latest price $253.9500 (-2.1%) ($253.9500 - $253.9500) on Fri. Mar. 24, 2023. |
|
|
| Trend Analysis and Forecast |
| |
| Average Daily Percentage Swing | 2.02% (three month average) |
| RSI | 60 |
| Latest Price | $253.9500(-2.1%) |
| Stocks Behave Similarly | Similar Stock List |
| Top Holdings | Top Holding List |
| Daily Trend | SMH advances 0.3% a day on average for past five trading days. |
| Weekly Trend | SMH advances 2.7% 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 SMH advance at 0% a week (0% probability)
QQQ(35%) IVW(30%) SPY(26%) FIVG(24%) IPO(22%) |
| Factors Impacting SMH price | SMH will decline at least -1.01% in a week (0% probabilities).
VXX(-14%) VIXM(-14%) USO(-13%) BLOK(-9%) ARKK(-9%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
| | |
| | |
| Relative Volatility | (options are extremely cheap) |
| | |
| Market Trend Strength | -1.01% (StdDev 2.02%) |
| Hourly BBV | -1.1 () |
| Intraday Trend | 0% |
| | |
| |
|