| SOXS latest price $2095.2000 (-1.13%) ($2084.5200 - $2210.4000) on Wed. Dec. 6, 2017. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.3% (three month average) |
RSI | 62 |
Latest Price | $2095.2000(-1.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 1.5% a day on average for past five trading days. |
Weekly Trend | SOXS advances 8.5% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXS advance at 0% a week (0% probability) TLT(6%) VIXM(6%) XHB(4%) DIA(2%) GDXJ(2%) |
Factors Impacting SOXS price | SOXS will decline at least -1.65% in a week (0% probabilities). SMH(-23%) SPY(-22%) QQQ(-22%) IWO(-22%) IWF(-22%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.65% (StdDev 3.3%) |
Hourly BBV | 0 () |
Intraday Trend | -3.9% |
| |
|
|