| SOXS latest price $42.5400 (13.8%) ($39.7500 - $43.9600) on Tue. Aug. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.05% (three month average) |
RSI | 48 |
Latest Price | $42.5400(13.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 2% a day on average for past five trading days. |
Weekly Trend | SOXS declines -9.1% a week on average for past two weeks. |
Market Behavior | Growth stock 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) UUP(22%) VIXM(16%) TBT(12%) VXX(6%) EDOC(4%) |
Factors Impacting SOXS price | SOXS will decline at least -4.025% in a week (0% probabilities). FIVG(-92%) QQQ(-88%) IWF(-86%) IVW(-84%) SPY(-82%) |
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 | -4.025% (StdDev 8.05%) |
Hourly BBV | 1.2 () |
Intraday Trend | 6.8% |
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