| SOXS latest price $46.7200 (3.85%) ($43.4000 - $48.1800) on Tue. Aug. 30, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.8% (three month average) |
RSI | 64 |
Latest Price | $46.7200(3.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 2.9% a day on average for past five trading days. |
Weekly Trend | SOXS advances 9.6% 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) UUP(22%) VIXM(15%) TBT(12%) EDOC(8%) VXX(6%) |
Factors Impacting SOXS price | SOXS will decline at least -3.9% in a week (0% probabilities). FIVG(-92%) QQQ(-88%) IWF(-86%) IVW(-84%) SPY(-83%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.9% (StdDev 7.8%) |
Hourly BBV | 1.1 () |
Intraday Trend | 7.1% |
| |
|
|