| SOXS latest price $69.3600 (6.64%) ($65.1000 - $70.9200) on Wed. Jun. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.9% (three month average) |
RSI | 49 |
Latest Price | $69.3600(6.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 1.1% a day on average for past five trading days. |
Weekly Trend | SOXS declines -0.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SOXS advance at 0% a week (0% probability) VIXM(9%) UUP(7%) VXX(4%) TLT(2%) IYT(1%) |
Factors Impacting SOXS price | SOXS will decline at least -4.45% in a week (0% probabilities). FIVG(-18%) EWJ(-18%) QQQ(-16%) IWO(-16%) IWC(-16%) |
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 | -4.45% (StdDev 8.9%) |
Hourly BBV | 1.1 () |
Intraday Trend | 4.7% |
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