| TME latest price $16.3200 (-4.51%) ($16.2100 - $17.4080) on Mon. Jul. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.84% (three month average) |
RSI | 74 |
Latest Price | $16.3200(-4.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TME advances 0.7% a day on average for past five trading days. |
Weekly Trend | TME advances 12.5% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support TME advance at 0% a week (0% probability) KWEB(75%) MCHI(68%) FXI(67%) VWO(59%) EEM(58%) |
Factors Impacting TME price | TME will decline at least -1.42% in a week (0% probabilities). VIXM(-28%) VXX(-27%) UUP(-22%) XLU(-9%) TIP(-7%) |
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 | -1.42% (StdDev 2.84%) |
Hourly BBV | 0 () |
Intraday Trend | -6.2% |
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