| SOXS latest price $12.0500 (-4.06%) ($12.0090 - $12.5500) on Tue. Oct. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.59% (three month average) |
RSI | 56 |
Latest Price | $12.0500(-4.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 2.2% a day on average for past five trading days. |
Weekly Trend | SOXS advances 5.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SOXS advance at 0% a week (0% probability) VXX(46%) VIXM(39%) TBT(33%) UUP(21%) GLD(17%) |
Factors Impacting SOXS price | SOXS will decline at least -2.295% in a week (0% probabilities). FIVG(-91%) QQQ(-85%) SPY(-81%) DRIV(-80%) XLK(-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 | -2.295% (StdDev 4.59%) |
Hourly BBV | -1.2 () |
Intraday Trend | -2.4% |
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