| SOXS latest price $10.1900 (1.7%) ($9.8800 - $10.3200) on Fri. Sep. 8, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.03% (three month average) |
RSI | 41 |
Latest Price | $10.1900(1.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 2.1% a day on average for past five trading days. |
Weekly Trend | SOXS declines -4.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support SOXS advance at 0% a week (0% probability) VXX(58%) VIXM(52%) TBT(25%) UUP(20%) GLD(14%) |
Factors Impacting SOXS price | SOXS will decline at least -2.515% in a week (0% probabilities). FIVG(-91%) QQQ(-86%) XLK(-82%) BOTZ(-81%) SPY(-79%) |
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 | -2.515% (StdDev 5.03%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1% |
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