| SOXS latest price $8.9700 (2.05%) ($8.4000 - $8.9900) on Wed. Dec. 6, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.49% (three month average) |
RSI | 57 |
Latest Price | $8.9700(2.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SOXS advances 1.7% a day on average for past five trading days. |
Weekly Trend | SOXS advances 1.7% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support SOXS advance at 0% a week (0% probability) VIXM(51%) VXX(42%) UUP(16%) BNDX(7%) BLOK(6%) |
Factors Impacting SOXS price | SOXS will decline at least -2.245% in a week (0% probabilities). FIVG(-94%) QQQ(-89%) IVE(-77%) VT(-76%) BOTZ(-76%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -2.245% (StdDev 4.49%) |
Hourly BBV | 1.4 () |
Intraday Trend | 6.3% |
| |
|
|