| SYK latest price $258.8100 (-1.9%) ($255.6200 - $263.7350) on Wed. Jan. 11, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.94% (three month average) |
RSI | 76 |
Latest Price | $258.8100(-1.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SYK advances 0.5% a day on average for past five trading days. |
Weekly Trend | SYK advances 3.6% 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 SYK advance at 0% a week (0% probability) IVE(49%) SPY(48%) IWF(47%) QQQ(47%) VT(47%) |
Factors Impacting SYK price | SYK will decline at least -0.97% in a week (0% probabilities). VIXM(-35%) UUP(-30%) VXX(-11%) TBT(-9%) EDOC(-9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.97% (StdDev 1.94%) |
Hourly BBV | -1 () |
Intraday Trend | -1.6% |
| |
|
|