| SOXS latest price $58.6800 (5.16%) ($56.0400 - $60.9600) on Fri. Jul. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.28% (three month average) |
RSI | 50 |
Latest Price | $58.6800(5.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 0.9% a day on average for past five trading days. |
Weekly Trend | SOXS declines -2.6% 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%) IGOV(2%) TLT(2%) |
Factors Impacting SOXS price | SOXS will decline at least -3.14% 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 | -3.14% (StdDev 6.28%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
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